On the 9th, Riken NPR <6209> announced that the Rating and Investment Information, Inc. (R&I) released information regarding the issuer rating of the company and its subsidiary, Riken.
Riken NPR has received a new rating, with an issuer rating of A- and a stable outlook. After the merger, price competitiveness has improved, cost synergies have manifested, and the group's revenue base has strengthened, which is reflected in the higher levels of profit and cash flow.
Moreover, Riken has upgraded the issuer rating from BBB+ to A- in reflection of the enhanced group creditworthiness of Riken NPR, with the outlook being stable.
