Moody's changes Panasonic view to stable

Moody's Investors Service said it affirmed Panasonic Corp.’s Baa1 issuer and senior unsecured ratings and changed the outlook to stable from negative.

"The change in outlook to stable reflects our view that Panasonic will maintain its leverage within the range we expect, even with its debt-funded acquisition of Blue Yonder Holding, Inc," said Motoki Yanase, a Moody's vice president and senior credit officer, in a press release.

"The increase in leverage will be mitigated by Panasonic's ample cash holding and recovering profit and cash flow over the next 12-18 months," added Yanase.

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