Moody’s changes Yamaha Motor view

Moody's Investors Service said it affirmed the A3 long-term issuer rating of Yamaha Motor Co. Ltd.

At the same time, the agency revised the company's outlook to positive from stable.

"The change in outlook reflects Yamaha's improving profitability, notably in the motorcycle segment over the past year," Motoki Yanase, Moody's vice president and senior credit officer, said in a news release.

"Better profitability has strengthened the company's key credit metrics."

The agency said the improvement came from growth in emerging markets, notably Southeast Asia, where margins have been increasing steadily.

The company expects the segment's operating margin to remain in the 6% range in 2018.

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