Moody's Cuts Nidec's Rating to Junk Status

Core Viewpoint - Moody's Ratings has downgraded the Japanese motor maker's credit rating to non-investment grade due to concerns regarding the reliability of its financial disclosures and governance risks [1] Company Summary - The Japanese motor maker's credit rating has been affected by uncertainty surrounding its financial disclosures [1] - Governance risks have been identified as a significant factor in the downgrade of the company's credit rating [1]