Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Suntory Beverage & Food Ltd. > News item |
Moody's upgrades Suntory
Moody's Investors Service said it upgraded Suntory Beverage & Food Ltd.'s issuer rating to A2 from A3 and revised the outlook to stable from positive.
"The upgrade of Suntory Beverage & Food's rating reflects the company's improving credit fundamentals with low leverage and ample cash holdings under a conservative financial policy," said Ryohei Nishio, a Moody's assistant vice president and analyst, in a press release.
"The upgrade also considers Suntory Beverage & Food's track record in solidifying its market position domestically and promoting growth overseas," Nishio added.
The agency explained the outlook mirrors the forecast that Suntory will keep its market position in its key operating areas, buoying the company's healthy cash flow generation.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.