Mmastodon BusinessMarkets first seen 5 h ago, last 1 h ago, peak #6
Scandal-hit Nidec sinks to bottom of yen debt market
Original: Scandal-tainted Nidec has fallen to the bottom rank of the yen debt market by one measure, leaving its new CEO with a ch
Nidec, the Japanese motor maker battered by an accounting scandal, has fallen to the lowest rank of the yen debt market by one measure, leaving its new CEO with the task of restoring investor confidence. The company's borrowing costs and credit standing have deteriorated as investors reassess its governance after the disclosures that triggered a leadership change.
Why now: Investors and markets watchers are focused on whether the new CEO can rebuild confidence in the company's credit and governance after the scandal.
Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 1 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1242400