Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Moody's Corporation    MCO

Delayed Quote. Delayed  - 06/24 10:01:00 pm
93.66 USD   -7.91%
12:42p RATING ACTION : Moody's assigns (P)A3 to Kyushu Electric Power's dom..
12:42p RATING ACTION : Moody's withdraws APN News and Media Limited's ratin..
06/26 MOODY : Brexit - UK Credit Rating Downgraded
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Rating Action: Moody's assigns (P)A3 to Kyushu Electric Power's domestic shelf registration

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/27/2016 | 12:42pm CEST

Release date- 27062016 - Moody's Japan K.K. has assigned a (P)A3 rating to the domestic shelf registration of Kyushu Electric Power Company, Incorporated's (Kyushu Electric).

The rating outlook is negative.

The specific shelf registration rated is:

JPY 500 billion effective June 26, 2016

RATINGS RATIONALE

The rating reflects the regulatory framework that is fundamentally supportive of the industry from a long-term perspective, the company's prominent position in the Kyushu region, and its access to capital. The rating also takes into consideration the risks related to nuclear power generation and the losses as a result of the suspension in generating nuclear power. Because of the accident at the Fukushima Daichi Nuclear Power Plant in 2011, Kyushu Electric-along with the other nuclear-dependent utilities in Japan-faced significantly higher expenses for thermal power generation to replace decreased levels of nuclear power generation.

The principal methodology used in this rating was Regulated Electric and Gas Utilities (Japanese) published in February 2014. Please see the Ratings Methodologies page on www.moodys.com for a copy of this methodology.

Kyushu Electric Power Company, Incorporated, headquartered in Fukuoka, Japan, is one of the ten major electric utilities in Japan.

REGULATORY DISCLOSURES

For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the rating action on the support provider and in relation to each particular rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.

For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this rating action, and whose ratings may change as a result of this rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.

Moody's Japan K.K. is a credit rating agency registered with the Japan Financial Services Agency and its registration number is FSA Commissioner (Ratings) No. 2. The Financial Services Agency has not imposed any supervisory measures on Moody's Japan K.K. in the past year.

Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.

Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.

Mariko Semetko

Vice President - Senior Analyst

Corporate Finance Group

Moody's Japan K.K.

Atago Green Hills Mori Tower 20fl

2-5-1 Atago, Minato-ku

Tokyo 105-6220

Japan

JOURNALISTS: 813-5408-4110

SUBSCRIBERS: 813-5408-4100

Ian Lewis

Associate Managing Director

Corporate Finance Group

JOURNALISTS: 813-5408-4110

SUBSCRIBERS: 813-5408-4100

Releasing Office:

Moody's Japan K.K.

Atago Green Hills Mori Tower 20fl

2-5-1 Atago, Minato-ku

Tokyo 105-6220

Japan

JOURNALISTS: 813-5408-4110

SUBSCRIBERS: 813-5408-4100

(c) 2016 Electronic News Publishing -, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on MOODY'S CORPORATION
12:42p RATING ACTION : Moody's withdraws APN News and Media Limited's ratings for busin..
12:42p RATING ACTION : Moody's assigns (P)A3 to Kyushu Electric Power's domestic shelf ..
06/26 MOODY : Brexit - UK Credit Rating Downgraded
06/26 MOODY : In a financial pinch, Haverford College will cap financial aid and expan..
06/26 MOODY : Braving uncertainties in the Lebanese market
06/26 MOODY : Cuts Britain's Credit Rating Outlook To "Negative"
06/25 MOODY : Ziegler Closes its Largest Fixed-Rate Financing Transaction Ever, $475 M..
06/25 MOODY : Rating agencies threaten changes to UK credit
06/25 BREXIT : UK vote credit negative for UK sovereign and other issuers, says Moody'..
06/25 BREXIT : Moody's affirms European Union's Aaa rating and maintains stable outloo..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials