Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kirin Holdings Co., Ltd. > News item |
Moody’s revises Kirin to negative
Moody's Japan K.K. said it affirmed Kirin Holdings Co., Ltd.’s A3 issuer rating and senior unsecured debt ratings, as well as provisional A3 of shelf registration.
The outlook was revised to negative from stable.
"The change in outlook reflects Kirin's weak profitability for its rating as well as increasing leverage, which in turn has been impacted by the heightened competition in its core domestic market as well as a very challenging operating environment for its Brazilian subsidiary," Moody's vice president and senior analyst Motoki Yanase said in a news 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.