Moody’s changes Yamaha view to negative

Moody's Investors Service said it revised the outlook to negative from under review and confirmed the Baa1 issuer rating of Yamaha Motor Co. Ltd.

This rating action concludes the review for downgrade started on March 26, Moody’s said.

“The negative outlook reflects the downside risk from the pandemic over the next 12-18 months, including a more than expected decline in unit sales and margins,” the agency said in a press release.

© 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.