S&P changes AEON, unit view to negative

S&P said it revised to negative from stable the outlook on AEON Co. Ltd. and its subsidiary AEON Mall Co. Ltd.

“We revised the outlooks on both companies because the Covid-19 pandemic makes it highly likely that AEON's key financial ratios will fall short of our previous assumptions for the next one to two years, even if the group curbs capital investments,” said S&P in a press release.

The agency affirmed the long-term issuer credit ratings on both companies and the BBB- rating on AEON's senior unsecured debt.

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