Moody’s changes Yamaha view to stable

Moody's Investors Service said it affirmed Yamaha Motor Co. Ltd.'s Baa1 issuer rating and changed the outlook to stable from negative.

"The change in Yamaha's outlook to stable reflects our expectation that the company's profitability will continue to rise with the recovery in its unit sales from the trough during the pandemic," said Mariko Semetko, a Moody's vice president and senior credit officer, in a press release.

"We expect leverage will remain elevated this year, but the company has ample cash on hand and will reduce leverage in 2022," added Semetko.

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