Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Olympus Corp. > News item |
S&P changes Olympus outlook to stable
S&P said it changed its outlook for Olympus Corp. to stable from positive and affirmed the BBB+ ratings on the company and its debt.
“The change in outlook reflects our expectation that expenses to strengthen Olympus' quality assurance and regulatory affairs (QARA) framework will expand in the next three years. This increases the possibility that profitability will be lower than we previously assumed.
“However, we have affirmed the BBB+ long-term issuer credit rating. This reflects our assessments that the company's focus on the medical equipment business will steadily strengthen its ability to generate earnings and it will maintain financial standing commensurate with the rating,” S&P said in a statement.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.