The japanese elektronikbolaget Toshiba continues to tumble on the tokyo stock exchange. Thursday’s fall in share prices, which amounted to the most, 26 per cent, took off after several rating agencies lowered the company’s score.
the News that Toshiba may make an impairment loss of billions of dollars has led to that the share has declined dramatically, with over 40 per cent in three days.
Thus, Toshiba’s market value has shrunk by around 800 billion yen, the equivalent of 66 billion this week.
The potential impairment is derived from the risks relating to the valuation of kärnkraftsverksamheten in the united states, which was acquired by the japanese company’s u.s. unit, Westinghouse Electric in January.
Toshiba itself has stated that even though the amount of the final impairment has not been approved yet, so it will affect the result.
then, When the Moody’s, S&P) and Rating and Investment Information has lowered the credit rating of the Toshiba’s borrowing was heightened concern about the company’s liquidity.
“the Impairment can lead to Toshiba break their covenants (credit terms with banks, ed),” said Moody’s analyst Masako Kuwahara in a comment, according to Bloomberg News.
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