Moody's downgrades Japan's Nidec to junk, outlook changed to negative

Hitachi

22/01/2026 09:53

TOKYO, Jan 22 (Reuters) - Global ratings agency Moody's on Friday cut Japanese electric motor maker Nidec Corp's 6594.T senior unsecured rating to Ba3, a junk grading, from investment grade Baa3.

Nidec's outlook was changed to "negative" from "ratings under review," Moody's said.

 (Reporting by Kantaro Komiya; Editing by Bernadette Baum)

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