Moody's Cuts Nidec Rating to Junk Status

Dow Jones01-22 18:02

By Kosaku Narioka

Nidec's credit rating was downgraded to noninvestment grade by Moody's Ratings due to uncertainty about the reliability of the Japanese company's financial disclosures and governance risks.

The U.S. ratings company said Thursday that it lowered Nidec's senior unsecured rating by three notches to Ba3, down from Baa3, the lowest investment grade. Moody's withdrew Nidec's Baa3 issuer rating and assigned a negative outlook.

"The negative outlook captures the risk of further rating pressure depending on the findings of the third-party investigation into potential accounting irregularities," said Roman Schorr, a senior analyst at Moody's.

In September, Kyoto-based Nidec set up a third-party committee to investigate potential accounting irregularities.

Earlier internal probes uncovered documents suggesting that the maker of electric motors and other equipment might have arbitrarily considered the timing of write-downs of risky assets.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

January 22, 2026 05:02 ET (10:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2605462897?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-22 18:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2605462897","market":"nz","top_or_hot":-1,"title":"Moody's Cuts Nidec Rating to Junk Status","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Kosaku Narioka \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Nidec's credit rating was downgraded to noninvestment grade by Moody's Ratings due to uncertainty about the reliability of the Japanese company's financial disclosures and governance risks. \n</p>\n<p>\n  The U.S. ratings company said Thursday that it lowered Nidec's senior unsecured rating by three notches to Ba3, down from Baa3, the lowest investment grade. Moody's withdrew Nidec's Baa3 issuer rating and assigned a negative outlook. \n</p>\n<p>\n  \"The negative outlook captures the risk of further rating pressure depending on the findings of the third-party investigation into potential accounting irregularities,\" said Roman Schorr, a senior analyst at Moody's. \n</p>\n<p>\n  In September, Kyoto-based Nidec set up a third-party committee to investigate potential accounting irregularities. \n</p>\n<p>\n  Earlier internal probes uncovered documents suggesting that the maker of electric motors and other equipment might have arbitrarily considered the timing of write-downs of risky assets. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kosaku Narioka at kosaku.narioka@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2026 05:02 ET (10:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Moody's Cuts Nidec Rating to Junk Status</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMoody's Cuts Nidec Rating to Junk Status\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-22 18:02</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Kosaku Narioka \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Nidec's credit rating was downgraded to noninvestment grade by Moody's Ratings due to uncertainty about the reliability of the Japanese company's financial disclosures and governance risks. \n</p>\n<p>\n  The U.S. ratings company said Thursday that it lowered Nidec's senior unsecured rating by three notches to Ba3, down from Baa3, the lowest investment grade. Moody's withdrew Nidec's Baa3 issuer rating and assigned a negative outlook. \n</p>\n<p>\n  \"The negative outlook captures the risk of further rating pressure depending on the findings of the third-party investigation into potential accounting irregularities,\" said Roman Schorr, a senior analyst at Moody's. \n</p>\n<p>\n  In September, Kyoto-based Nidec set up a third-party committee to investigate potential accounting irregularities. \n</p>\n<p>\n  Earlier internal probes uncovered documents suggesting that the maker of electric motors and other equipment might have arbitrarily considered the timing of write-downs of risky assets. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kosaku Narioka at kosaku.narioka@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2026 05:02 ET (10:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MCO","symbol_name":"穆迪","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2605462897","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605462897","pubTimestamp":1769076120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Nidec's credit rating was downgraded to noninvestment grade by Moody's Ratings due to uncertainty about the reliability of the Japanese company's financial disclosures and governance risks.The U.S. ratings company said Thursday that it lowered Nidec's senior unsecured rating by three notches to Ba3, down from Baa3, the lowest investment grade. Moody's withdrew Nidec's Baa3 issuer rating and assigned a negative outlook.\"The negative outlook captures the risk of further rating pressure depending on the findings of the third-party investigation into potential accounting irregularities,\" said Roman Schorr, a senior analyst at Moody's.In September, Kyoto-based Nidec set up a third-party committee to investigate potential accounting irregularities.Earlier internal probes uncovered documents suggesting that the maker of electric motors and other equipment might have arbitrarily considered the timing of write-downs of risky assets.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"MCO":"穆迪"},"translate_title":"穆迪将日本电产评级下调至垃圾级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCO":1.5},"content_text":"By Kosaku Narioka \n\n\n \n\n\n  Nidec's credit rating was downgraded to noninvestment grade by Moody's Ratings due to uncertainty about the reliability of the Japanese company's financial disclosures and governance risks. \n\n\n  The U.S. ratings company said Thursday that it lowered Nidec's senior unsecured rating by three notches to Ba3, down from Baa3, the lowest investment grade. Moody's withdrew Nidec's Baa3 issuer rating and assigned a negative outlook. \n\n\n  \"The negative outlook captures the risk of further rating pressure depending on the findings of the third-party investigation into potential accounting irregularities,\" said Roman Schorr, a senior analyst at Moody's. \n\n\n  In September, Kyoto-based Nidec set up a third-party committee to investigate potential accounting irregularities. \n\n\n  Earlier internal probes uncovered documents suggesting that the maker of electric motors and other equipment might have arbitrarily considered the timing of write-downs of risky assets. \n\n\n \n\n\n  Write to Kosaku Narioka at kosaku.narioka@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 22, 2026 05:02 ET (10:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605462897","isCrawlerRequest":true}