TEXT-S&P:Asahi Glass rtgs lowered to 'A-/A-2';removed from watch

Date: 14 August 2012
Source: www.reuters.com

Date: 14 August 2012

(The following statement was released by the rating agency)Overview -- Prospects of weakness in the profits of Asahi Glass' core architectural glass operations in Europe and flat panel display glass operations continuing for longer than we have expected reduce the likelihood of the company swiftly improving its financial standing, in our view. -- We have lowered the financial risk profile for the company from "modest" to "intermediate" and maintained the business risk profile at "strong." More...

(The following statement was released by the rating agency)

Overview


-- Prospects of weakness in the profits of Asahi Glass' core architectural glass operations in Europe and flat panel display glass operations continuing for longer than we have expected reduce the likelihood of the company swiftly improving its financial standing, in our view.
-- We have lowered the financial risk profile for the company from "modest" to "intermediate" and maintained the business risk profile at "strong."

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