Moody’s downgrades Nidec to Baa1 amid accounting concerns By Investing.com
Update: 2025-10-29
Description
Nidec Corporation's credit rating has been downgraded by Moody's due to growing uncertainty about its financial disclosures. The main concerns include an ongoing investigation into possible accounting irregularities, suspension of dividend payments, and the auditor's refusal to give an opinion on the annual report. Moody's review will focus on the accounting issues, their impact on past financial reports, and Nidec's risk management. Further downgrades are possible if the investigation uncovers serious issues or if Nidec struggles to manage its image and regulatory obligations.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
