Mmastodon BusinessMarkets first seen 3 d ago, last 2 d ago, peak #6
Scandal-hit Nidec hits bottom rank 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, has fallen to the bottom tier of the yen bond market by one measure after a series of scandals, making it among the least trusted corporate borrowers in that market. The slide leaves the company's new chief executive facing a steep task to rebuild investor confidence and stabilize the firm's standing with debt investors.
Why now: Nidec's reputational damage from ongoing scandals is now visibly affecting its position in the debt market, putting pressure on its new leadership.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1242400