Home » Posts tagged with "Hideaki Kawai"
Panasonic downgraded by S&P due to $10 billion losses
Panasonic Corp., Japan’s second largest TV maker, saw its credit rating cut by two levels by Standard & Poor’s after it forecast a $9.5 bn loss 30 times bigger than analyst estimates.
S&P said it has downgraded long-term debt to BBB, down from A-, as “huge losses for the second year in a row weaken the company’s financial profile and could further slow its recovery in the next...
Loading ...
