Moody's: ITOCHU's takeover of FamilyMart is credit negative; no ratings impact
Announcement: Moody's: ITOCHU's takeover of FamilyMart is credit negative; no ratings impact. Global Credit Research- 09 Jul 2020. Tokyo, July 09, 2020-- Moody's Japan K.K. says that ITOCHU Corporation's tender offer bid to take private the convenience store chain FamilyMart Co., Ltd. is credit negative, because it will increase its leverage, although the overall impact on its metrics should be manageable.
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