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.

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