|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||11.54 - 11.54|
|52 Week Range||8.34 - 15.53|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||7.98|
|Forward Dividend & Yield||0.30 (2.59%)|
|Ex-Dividend Date||Mar 27, 2020|
|1y Target Est||N/A|
At the same time, Moody's has changed the outlook on the rating to negative from ratings under review. "The confirmation of Motherson's rating reflects our view that while the challenges brought by the coronavirus pandemic will keep the company's credit profile weak in the fiscal year ending March 2021 (fiscal 2021), its financial metrics should start to recover the following year," says Kaustubh Chaubal, a Moody's Vice President and Senior Credit Officer.
Moody's Investors Service has assigned a Ba1 corporate family rating (CFR) to Motherson Sumi Systems Limited and has withdrawn the company's Baa3 issuer rating. At the same time, Moody's has placed the Ba1 CFR under review for further downgrade. "The rapid and widening spread of the coronavirus outbreak is creating a severe and extensive credit shock for Motherson," says Kaustubh Chaubal, a Moody's Vice President and Senior Credit Officer.
Moody's Japan K.K. has affirmed Sumitomo Electric Industries, Ltd.'s (SEI) A1 issuer rating. At the same time, Moody's has changed the outlook on the rating to negative from stable. "Sumitomo Electric faces declining profitability due to weak revenue growth prospects and pricing pressure in its main automotive segment," says Akifumi Fukushi, a Moody's Vice President and Senior Analyst.
Moody's Investors Service has today changed the outlook on the Baa3 issuer rating of Motherson Sumi Systems Limited to negative from stable. At the same time, Moody's has affirmed the Baa3 rating. "The negative outlook principally reflects the weak performance of Motherson's greenfield operations as well as slowing global auto sales, and our concerns around timely recovery, in turn weighing on the company's consolidated earnings and cash flow generation," says Kaustubh Chaubal, a Moody's Vice President and Senior Credit Officer.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Sumitomo Electric Industries, Ltd. Tokyo, October 19, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sumitomo Electric Industries, Ltd. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.