Moody’s Upgrades TDK Credit Rating to A3 with Stable Outlook

The ratings agency cites improved creditworthiness in its decision to boost the Japanese electronics maker’s rating.

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Terms & Concepts
  • Credit Rating: An assessment by a rating agency of the creditworthiness of a borrower, indicating the risk of default.
  • A3 Rating: A Moody’s long-term credit rating indicating upper-medium grade obligations with low credit risk.
  • Stable Outlook: A credit rating outlook indicating that the rating is unlikely to change in the near to medium term.