Moody's changes outlook on Daikin's rating to positive from stable; affirms A3 ratings
Tokyo, March 09, 2017-- Moody's Japan K.K. has changed Daikin Industries, Ltd.' s ratings outlook to positive from stable. Moody's has also affirmed the company's A3 issuer rating, its A3 senior unsecured bond rating, and the A3 senior unsecured rating for its shelf registration. "The positive outlook principally reflects Daikin's improved profitability and our expectation that the company's financial profile will remain strong for its A3 rating over the next 12-18 months.
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