Olympus 'BBB+' Rating Affirmed On Improved Governance; Outlook Remains Stable - S&P Global Ratings’ Credit Research

Olympus 'BBB+' Rating Affirmed On Improved Governance; Outlook Remains Stable

Olympus 'BBB+' Rating Affirmed On Improved Governance; Outlook Remains Stable - S&P Global Ratings’ Credit Research
Olympus 'BBB+' Rating Affirmed On Improved Governance; Outlook Remains Stable
Published Sep 15, 2021
4 pages (1796 words) — Published Sep 15, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Improvements to governance at Olympus have cut the risk that related issues will hurt its finances again; significant regulatory fines damaged profitability and key financial ratios in the past. The company's key cash flow ratios are unlikely to improve substantially in the next two years or so, because it will likely accelerate growth investments as performance and cash flow increase. We affirmed our 'BBB+' long-term issuer credit rating on Olympus and the rating outlook remains stable. TOKYO (S&P Global Ratings) Sept. 15, 2021--S&P Global Ratings today said it has affirmed its 'BBB+' long-term issuer credit rating on Japan-based medical technology company Olympus Corp. The rating outlook remains stable. We affirmed the rating because Olympus has over a number of years

  
Brief Excerpt:

...September 15, 2021 - Improvements to governance at Olympus have cut the risk that related issues will hurt its finances again; significant regulatory fines damaged profitability and key financial ratios in the past. - The company's key cash flow ratios are unlikely to improve substantially in the next two years or so, because it will likely accelerate growth investments as performance and cash flow increase. - We affirmed our '###+' long-term issuer credit rating on Olympus and the rating outlook remains stable. TOKYO (S&P Global Ratings) Sept. 15, 2021--S&P Global Ratings today said it has affirmed its '###+' long-term issuer credit rating on Japan-based medical technology company Olympus Corp. The rating outlook remains stable. We affirmed the rating because Olympus has over a number of years strengthened internal controls and improved governance, thereby reducing the risk of related issues recurring and hurting its finances. Its actions come after a sharp deterioration in profitability...

  
Report Type:

Ratings Action

Ticker
7733@JP
Issuer
GICS
Health Care Equipment (35101010)
Sector
Global Issuers
Country
Region
Asia
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Olympus 'BBB+' Rating Affirmed On Improved Governance; Outlook Remains Stable" Sep 15, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Olympus-BBB-Rating-Affirmed-On-Improved-Governance-Outlook-Remains-Stable-2721104>
  
APA:
S&P Global Ratings’ Credit Research. (). Olympus 'BBB+' Rating Affirmed On Improved Governance; Outlook Remains Stable Sep 15, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Olympus-BBB-Rating-Affirmed-On-Improved-Governance-Outlook-Remains-Stable-2721104>
  
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