Moody's may upgrade Tosoh

Moody's Investors Service said it placed the Ba2 issuer rating of Tosoh Corp. under review for possible upgrade, reflecting the agency's view that the stability of the company's earnings and cash flow may continue to improve due to ongoing efforts at reinforcing its business fundamentals and improvements to its balance sheet structure.

In its review, the agency will assess Tosoh's ability to further bolster the competitiveness of its core products through its growth strategy and Tosoh's financial strategy over the intermediate term, as it is actively implementing investments through strengthening its vinyl and isocyanate chain operations in Japan and China.

© 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.