We anticipate a two-notch downgrade by all four rating agencies. Depending on the information disclosed at the interim announcement and thereafter, we foresee the possibility of deeper rating cuts unless the company can announce some plan to replenish its thin equity base relative to its debt and asset levels.
More Quotes from Peggy Furusaka:
The fact they increased to 42 percent was a major step towards Wal-Mart's commitment to Seiyu and to the Japanese retailing market.Peggy Furusaka
Spreads on Sanyo's bonds will probably stay high. Our uncertainty has heightened substantially towards Sanyo's management, corporate governance, financial accountability and the possibility of another major downward revision.
Peggy Furusaka
Unless some sort of financial support, capital injection or business tie-up materializes, we expect Sanyo's spread in the cash bond and protection premium in the CDS markets to stay wide.
Peggy Furusaka
Readers Who Like This Quotation Also Like:
Based on Topics: Planning QuotesBased on Keywords: downgrade, replenish
I'm homosexual... How and why are idle questions. It's a little like wanting to know why my eyes are green.
Jean Genet
In 1981, at age 31, I was voted the best player in basketball, and the most valuable player in the league.
Julius Erving
We Chileans have to be able to understand that in a democracy institutions must function freely and with sovereignty.
Ricardo Lagos