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Fujitsu Limited -- Moody's affirms Fujitsu's A3 rating; revises outlook to negative

Moody's Japan K.K. has affirmed Fujitsu Limited's A3 long-term issuer ratings. At the same time, Moody's has changed the outlook to negative from stable. "The negative outlook reflects Moody's concerns over Fujitsu's ability to execute its business plan, and the increasing uncertainty regarding its capacity to improve profitability to a level that is more in line with its global peers," says Masako Kuwahara, a Moody's Vice President and Senior Analyst.