TEXT-S&P: Ratings on Asahi Glass Placed on Creditwatch Negative

Date: 23 July 2012
Source: www.reuters.com

Date: 23 July 2012

Extended weakness in profits in Asahi Glass' core architectural glass operations in Europe and flat panel display glass operations have reduced the likelihood that the company will swiftly restore its financial soundness to levels commensurate with the current ratings, in our view.

We have placed the long- and short-term ratings on Asahi Glass and the rating on a subsidiary's commercial paper program on CreditWatch with negative implications.More>>

Extended weakness in profits in Asahi Glass' core architectural glass operations in Europe and flat panel display glass operations have reduced the likelihood that the company will swiftly restore its financial soundness to levels commensurate with the current ratings, in our view.



We have placed the long- and short-term ratings on Asahi Glass and the rating on a subsidiary's commercial paper program on CreditWatch with negative implications.

More>>

600450 TEXT-S&P: Ratings on Asahi Glass Placed on Creditwatch Negative glassonweb.com

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