...April 24, 2019 - AEON's earnings are likely to remain low due to the subdued performance of its retail businesses. - Aggressive investments along with low profit levels make a swift recovery in its key financial ratios unlikely. - We are lowering by one notch both our long-term issuer credit rating to '###' and our senior unsecured debt rating to '###-'. - The stable outlook reflects our expectation that AEON will maintain a financial standing commensurate with the rating by upholding a certain degree of financial discipline despite continued heavy investments. TOKYO (S&P Global Ratings) April 24, 2019--S&P Global Ratings today said it has lowered to '###' its long-term issuer credit rating on leading Japan-based retailer AEON Co. Ltd. and to '###-' its senior unsecured debt rating on the company. We lowered both ratings by one notch. The outlook on the long-term issuer credit rating is stable. We downgraded AEON because its key financial ratio of debt to EBITDA is unlikely to make a swift...
