NEC Withdraws from a Segment of Ratings Coverage, Business News

PUBLISHED ONFebruary 19, 2019 6:45 AM

TOKYO, Feb 19, 2019 - (JCN Newswire) - NEC Corporation has requested to be withdrawn from the rating services of Moody's Japan K.K.

The decision to issue this request was based on a comprehensive evaluation of the effects and costs for maintaining the rating. This request will have no impact on the Company's business performance.

NEC intends to continue receiving issuer ratings from Rating and Investment Information, Inc. and S&P Global Ratings Japan Inc.

Looking ahead, NEC will remain committed to pursuing ongoing improvements in both performance and issuer ratings.

About NEC Corporation

NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. The NEC Group globally provides "Solutions for Society" that promote the safety, security efficiency and fairness of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, visit NEC at https://www.nec.com.

Contact:
NEC
Seiichiro Toda        
s-toda@cj.jp.nec.com
+81-3-3798-6511