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Japan's Yokogawa Electric upped to 'A3' on better earnings, cash flow - Moody's


Published : Mon, 15 Oct 2007 06:05
By : Agencies
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MUMBAI (Thomson Financial) - Moody's Investors Service upgraded its issuer rating of Yokogawa Electric Corp to 'A3' from 'Baa1', citing the company's growing earnings and cash flow, backed by an improving global market position and regional diversification.

The rating outlook is positive.

The action also incorporates a better capital structure, resulting from the company's focus on debt reduction in the last few years, Moody's added.

TFN.newsdesk@thomson.com

jro

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