Nidec’s corporate bond prices fell to their lowest level among Japanese companies, plunging temporarily to ¥77.7. While financial and internal-control concerns resurfaced after the audit firm declined to express an opinion, the core business remains solid, providing some reassurance regarding credit lines.
Nidec’s corporate bond prices fell to the lowest level among Japanese companies, temporarily plunging to ¥77.7.
One view is that the audit firm’s failure to express an opinion rekindled concerns about the company’s finances and internal controls.
However, the core business is said to be performing solidly, and another view is that the company’s credit lines provide some reassurance.