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Moody's downgrades Sankyo's issuer rating to A1.

Publication: Japan Weekly Monitor
Publication Date: 23-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 20 Kyodo

Moody's Investors Service Inc. said Wednesday it has downgraded the issuer rating of Sankyo Co., a major pharmaceutical company, to A1 from Aa3.

''The downgrade is based on Moody's concern that Sankyo's earnings stability may deteriorate due to the expected sales decline of its mainstay...

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