Comment on Moody’s Japan K K announcement of 9 March 2012

Date: 13 March 2012
Source: http://www.nsg.com

Date: 13 March 2012

We note today’s announcement from Moody’s Japan K K and the rationale for the review of our rating.

We are disappointed and surprised by the extent of the downgrading, which we regard as excessive in the circumstances.



We believe our Strategic Management Plan (SMP), launched in FY2012, continues to be the appropriate way forward for the Company, building on increased investment in emerging markets and value added applications.



At our full-year results presentation on 10 May 2012, we will be updating the market on progress with the SMP and on the program of actions we announced on 2 February 2012, intended to re-establish the Company’s profit growth from FY2013 onwards.
600450 Comment on Moody’s Japan K K announcement of 9 March 2012 glassonweb.com

See more news about:

Others also read

MORE...

Construction Employment Declined in Most States in November as Anxiety Over Fiscal Cliff Causes Contractors to Hold Off on Hiring
Hawaii and Texas Top List of 20 States and D.C. Adding Construction Jobs Since November 2011 as Delaware and New York Trail; Vermont and Louisiana Led 19 States with One-Month Gain, D.
Wicona Curtain Walling for Glasgow Velodrome
The Emirates Arena and Sir Chris Hoy Velodrome have just been completed, creating a new world class sporting landmark for Scotland.
The American Scenario in The Glass Industry
The United States is honoring its role, to the best of its ability, as the world's locomotive, although despite the positive performance of the real estate market, America seems to be recovering slower than expected.
Turkish glass producer to expand operations at home and abroad with the help of EBRD loans
The EBRD is providing loans worth €110 million to Turkish glass manufacturer Trakya Cam A.Ş. that will expand its product range at home and in Bulgaria and also establish a presence on the Russian market, setting new standards in energy efficiency.
SAGE Electrochromics, Inc. Files Patent Infringement Lawsuit in U.S. District Court Against View, Inc.
SAGE Electrochromics, Inc., a world leader in the development and manufacture of dynamic glass, located in Faribault, Minn., today announced it has filed a lawsuit in U.S.
Lucintel Identifies APAC as Growth Region for Global Automotive Glass Industry during 2012-2017
Irving, Texas (PRWEB) December 18, 2012 - The global automotive glass industry experienced good growth over the last five years and is expected to grow moderately with a CAGR of 3% over the next five years (2012-2017) to reach revenue of approximately US $17 billion in 2017.

Add new comment