Mmastodon BusinessMarkets first seen 7 h ago, last 29 min 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 ensnared in an accounting and governance scandal, has dropped to the lowest tier of the yen bond market by one widely used measure of credit standing. The fall reflects deep investor caution toward the company's debt, and leaves its newly appointed chief executive with the task of rebuilding trust and restoring the firm's standing among bondholders.
Why now: The company's continued fall in credit-market standing under new leadership raises fresh doubts about whether its turnaround can succeed.
Rank over time, top of the chart is #1. 2 snapshots from 1 h ago to 29 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1242400