Credit Rating Downgrade Risk
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2019-Q3.
29 other companies' latest entry also says "Restated".
- FY2019-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, there were no material changes in matters described in this quarterly report concerning the status of the business, financial information and other matters that could materially affect investors' decisions, or in the business and other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risk of a ratings downgrade. - FY2018RestatedAnnual report
「If the Group's credit ratings were downgraded, funding costs could rise, and the Group might be unable to obtain the necessary funds from the market, making liquidity management difficult.」
The Company continues to disclose the risk that a ratings downgrade may affect funding costs and liquidity. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes regarding the risk of a ratings downgrade. - FY2017First statedAnnual report
「If the Group's credit ratings were downgraded, funding costs could rise, and the Group might be unable to obtain the necessary funds from the market, making liquidity management difficult.」
The Company newly discloses, as a separate risk item, the risk that credit rating reviews and downgrades by rating agencies may affect funding costs and liquidity.