Moody's may upgrade Casio Computer

Moody's Investors Service said it placed under review for possible upgrade the Baa1 long-term debt rating of Casio Computer Co., Ltd.

The review reflects ongoing improvements in Casio's profitability and financial flexibility. In the review, Moody's said it will assess Casio's strategy to strengthen the stability of its earnings over the intermediate term. The agency said it also will evaluate the company's overall financial policy going forward.

Casio's product strategy is to maintain its leading positions in its basic products such as wristwatches, electric dictionaries, musical instruments and calculators while enhancing sales of products with growth potential, including digital still cameras, mobile phones and some electric devices, Moody's said.

© 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.