Jun 17, 2016

Yen may climb as Japan faces another lost decade: Moody's

Japan is headed for another lost decade as the economy faces prolonged stagnation and the yen will probably strengthen more as deflation continues, Moody’s Analytics said. The yen surged to its strongest level in almost two years against the dollar Thursday, touching 103.55, after ...

Jun 2, 2016

Moody's sees Japan's consumption tax hike delay as 'credit negative'

Moody’s Investors Service Inc. said Thursday that Prime Minister Shinzo Abe’s decision to postpone a hike in the consumption tax and compile a fiscal stimulus in the autumn is “credit negative,” questioning the government’s ability and willingness to achieve fiscal consolidation. The U.S. debt ...

Nov 10, 2015

Moody's downgrades Toshiba credit rating

Moody’s downgraded the credit rating of embattled electronics giant Toshiba Corp. on Monday days after the conglomerate announced deep midyear operating losses late last week. The agency slashed the Japanese company’s rating from Baa2 to Baa3 and also changed Toshiba’s outlook from stable to ...

Moody's cuts Sony's credit rating to junk

Jan 27, 2014

Moody's cuts Sony's credit rating to junk

Moody’s cut its credit rating on Sony Corp. to junk on Monday, saying the electronics giant had more work to do in repairing its battered balance sheet. The major international ratings agency lowered its view of the company to Ba1 from Baa3, meaning its ...