- General
- Business
- Moodys's say
- Economy
- Bank and Finance
- Politics
- Energy
- World
- Environment
- Entertainmentt
- Sport
- Agro and Food
- Lifestyle
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.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Readers Comments
Business News »
Loan clients urged to be well-prepared for higher finance costs
July 16, 2010

BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]
Bank And Finance »
Commercial banks announce hikes in interest rates on fixed deposits
July 16, 2010
BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]
General News »
Summary of the 9th APEC Energy Meeting
July 12, 2010

Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]
Economy »
4 Govt agencies cooperate to promote Thai investment abroad
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]
Energy »
Moody´s chops down PTT´s credit
June 29, 2010

BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]
Politics »
One month needed for Interpol consideration over Thaksin´s case
July 16, 2010
BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]