TEXT-Moody's reports on Japanese auto suppliers outlook

Newswire

(The following statement was released by the ratings agency) LONDON, Oct 31 - Moody's Investors Service says that the credit outlook for Japanese automotive suppliers is negative overall, but select competitive companies should maintain their credit quality. In a new study, entitled "Japanese Automotive Suppliers Outlook: Credit Quality Stable for Rated Companies," Moody's attributed the negative outlook to the impact of the declining local procurement needs of Japan's automakers as they ...

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