Moody's revises Asahi's view to stable

Moody's Japan K.K. said it affirmed Asahi Group Holdings, Ltd.'s Baa1 issuer and senior unsecured ratings.

At the same time, Moody's changed the outlook to stable from negative.

“The change in outlook to stable reflects our view that Asahi will improve its high leverage to the low 3x range by 2023 with cash flow contributions from the Australian business it acquired in 2020,” said Motoki Yanase, a Moody's vice president and senior credit officer, in a news release.

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