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long-term issuer and senior unsecured debt ratings (with positive
outlook) on Sanyo Electric Co., Ltd., for business reasons.
This action does not reflect a change in the company’s creditworthiness.
For further details, please refer to Moody’s Withdrawal Policy at
The last rating action on Sanyo took place on October 26, 2010, when
Moody’s upgraded its long-term issuer and senior unsecured debt ratings
to A2 from Baa1 with positive outlook.
The principal methodology used in this rating was Moody’s “Asian Consumer
Electronics,” published on January 6, 2011, and available on
Sanyo Electric Co., Ltd., headquartered in Osaka, is one of the world’s
leading manufacturers of consumer electronics products and devices.