S&P revises Panasonic to positive

Standard & Poor's said it revised the outlook on its long-term corporate credit rating on Panasonic Corp. and its subsidiaries to positive from stable.

The BBB+ long- and A-2 short-term ratings on Panasonic and its overseas subsidiaries were affirmed.

S&P said Panasonic's operating performance has exceeded its expectations over the past two quarters.

The outlook revision reflects the agency’s view of growing prospects for a streamlined cost structure and better-than-expected progress in enhancing the company's business portfolio to further increase its EBITDA margin to above 9.5% over the next one to two years.

© 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.