Toshiba's credit rating
Toshiba's credit rating
Published: 08:31 am Dec 23, 2015
TOKYO: Crisis-hit Toshiba's woes deepened on Tuesday when Moody's cut its credit rating to junk, casting doubt on a turnaround plan unveiled in response to an embarrassing profit-padding scandal. Moody's said its two notch-downgrade to Ba2 was in response to Toshiba's overhaul and its weak prospects.