|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||19.68 - 19.90|
|52 Week Range||18.15 - 24.38|
|Beta (3Y Monthly)||0.18|
|PE Ratio (TTM)||10.13|
|Forward Dividend & Yield||0.14 (0.70%)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Central Japan Railway Company 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. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Japan K.K. has downgraded Central Japan Railway Company's (JR Central) issuer and senior unsecured bond ratings to A1 from Aa3, and senior unsecured shelf registration to (P)A1 from (P)Aa3. "The downgrade reflects the material uncertainties related to the JPY5.5 trillion Chuo Shinkansen project," says Mariko Semetko, a Moody's Vice President and Senior Credit Officer. Due to the Chuo Shinkansen project's considerable size, cost and complexity, as well as lengthy construction period, it will continue to weigh on the company's credit profile through 2027 when it targets to complete the Tokyo-Nagoya phase.
Moody's Japan K. K. has assigned a Aa3 rating to Central Japan Railway Company's (JR Central) new USD 350 million senior unsecured bonds. The rating reflects JR Central's solid cash flow (mainly from its Shinkansen operation), the railway's importance in Japan's transportation system, the favorable regulatory environment for railroad operations, and its limited exposure to unregulated operations.