SEARCH:
feed

Moody’s assigns Baa2 rating to Toshiba’s domestic unsecured bond JPY20 billion of debt affected

By k on September 3, 2009

Tokyo, September 03, 2009 -- Moody's Investors Service has assigned a Baa2
rating to Toshiba Corporation's (Toshiba) Series 47 JPY 20 billion senior
unsecured domestic straight bond, due 2013. The rating outlook is
negative.

The rating reflects Toshiba's strong presence in the electronics industry,
with a diversified customer base and wide range of products, ranging
from PCs, mobile phones and HDD drives to NAND-type flash memories,
power generation systems and medical devices. The rating also takes into
account the company's high leverage level, and the volatile nature of the
electronic devices business which is one of the company's major business
segments.

The negative rating outlook indicates uncertainty over whether Toshiba
can implement -- on a timely and effective basis -- its business and
financial strategies against the backdrop of unpredictable operating
environments.

The last rating action for Toshiba was on April 27, 2009, when Moody's
downgraded the company's long-term debt ratings to Baa2 from Baa1 and
outlook was negative. The Prime-2 short-term ratings of Toshiba and its
supported subsidiaries were confirmed at that time.

The principal methodology used in rating Toshiba is the "Global
Manufacturing Industry," December 2007, which can be found at
www.moodys.com in the Credit Policy & Methodologies directory, in the
Ratings Methodologies subdirectory. Other methodologies and factors that
may have been considered in the process of rating this issuer can also
be found in the Credit Policy & Methodologies directory.

Toshiba Corporation, headquartered in Tokyo, is one of Japan's leading
integrated electronics companies.

Related posts:

  1. Moody’s assigns (P)Baa2 rating to KazMunayGas Notes issue; negative outlook Moscow, July 16, 2009 -- Moody's Investors Service has...
  2. Moody’s withdraws A1 rating for perpetual notes of Norinchukin SPC Tokyo, August 27, 2009 -- Moody's Investors Service has...
  3. Moody’s downgrades Portfolio CDS entered into by JPMorgan USD 300 million of debt securities affected Tokyo, July 29, 2009 -- Moody's Investors Service announced...
  4. Moody’s assigns Aa2 to Kyushu Electric Power’s Japan bonds Tokyo, June 04, 2009 -- Moody's Investors Service has assigned...
  5. Moody’s affirms Amcor’s rating; outlook developing Sydney, August 18, 2009 -- Moody's Investors Service has today...

Related posts brought to you by Yet Another Related Posts Plugin.

Readers Comments





Business News »

Thai stock indexes to fluctuate in narrow range next week

March 14, 2010

BANGKOK, 14 March 2010 (NNT) – Thai stock indexes were expected to swing in a narrow range next week as a result of the domestic political affair, according to the Kasikorn Research center (KResearch). KResearch predicted the movement of Thai stock indexes from 15 to 19 March, reporting that the indexes would slightly [...]

Bank And Finance »

Security, cash reserves of banks well-prepared

March 12, 2010

BANGKOK, 12 March 2010 (NNT) – Commercial Banks have prepared security measures and adequate cash reserves upon the mass demonstration of the anti-government United Front of Democracy Against Dictatorship (UDD).
Kasikorn Bank CEO Banthoon Lamsam stated that cash withdrawal of customers at present was normal, and the bank would not increase the amount of cash reserves [...]

General News »

Coalition parties confirm support to PM Abhisit

March 15, 2010

Coalition parties have affirmed their support to the Abhisit administration, saying there is no need for a national government as proposed by some MPs.
Leader of Chartthai Pattana Party Chumpol Silpa-archa made the comment after House Speaker Chai Chidchob insisted a joint parliamentary session be held on Tuesday at 9.00 am.
Bhumjaithai Party executive members also voiced [...]

Economy »

Current economic uptrend as a result of higher employment rate in Q1

March 14, 2010

BANGKOK, 14 March 2010 (NNT) – Thailand sees an economic uptrend due to higher employment rates in the first quarter of this year.
Speaking in his weekly talk show, “Confidence with Thailand with Prime Minister Abhisit”, the Prime Minister stated that the rate of employment during this period was on the rise or higher, compared to [...]

Energy »

More energy needed: more solutions wanted

March 10, 2010

BANGKOK, 10 March 2010 (NNT) - The Ministry of Energy hosts the ‘Fuel Options for Electricity Generation’ seminar to discuss possible energy alternatives for Thailand
Minister of Energy, Dr Wannarat Channukul, presided over the opening ceremony advising public and private sectors to not emphasize development on a certain alternative energy source too much. Disruption of energy [...]

Politics »

Grenade attack wounds two soldiers in Bangkok army unit

March 15, 2010

Grenade attack wounds two soldiers in Bangkok army unit thumbnail

BANGKOK, March 15 (TNA) – Unidentified attackers fired six M79 grenades into a Bangkok-based army unit, wounding two soldiers.
Col Nutthawat Akanibutr, commander of the First Infantry Regiment, said six M79 grenades were fired into his unit on Vibhavadi Rangsit road but only four exploded.
Sgt Maj First Class Preecha Pansamut was wounded in the abdomen and [...]