The confirmation reflects that the Company's business and financial profiles are commensurate with the current rating. DBRS Morningstar expects Komatsu's financial profile to weaken in F2021 (year ended
Komatsu continues to be among the global leaders in manufacturing construction and mining equipment and maintains a solid position in its major markets, which is supported by diversified product offerings and strong technological capacities. The Company's solid business profile is a key support for the current rating. Komatsu is making progress in its new Mid-Term Management Plan (MMP) announced in
DBRS Morningstar expected market conditions to be challenging in F2020 (year ended
DBRS Morningstar, in its base case scenario, assumes that (1) GDP will decline in 2020 by 5.0% in the
ESG CONSIDERATIONS
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework and its methodologies can be found at: https://www.dbrsmorningstar.com/research/357792.
Notes:
All figures are in Japanese Yen unless otherwise noted.
The principal methodologies are Rating Companies in the Industrial Products Industry (
For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.
The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link under Related Documents or by contacting us at info@dbrsmorningstar.com.
This rating was not initiated at the request of the rated entity.
The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar did not have access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.
Generally, the conditions that lead to the assignment of a Negative or Positive trend are resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.
DBRS Morningstar will publish a full report shortly that will provide additional analytical detail on this rating action. If you are interested in receiving this report, contact us at info@dbrsmorningstar.com.
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Ratings
Date Issued Debt Rated Action Rating Trend Issued
i
US =
CA = Canada Issued, NRSRO
EU = EU Issued, NRSRO
E = EU endorsed
Unsolicited Participating With Access
Unsolicited Participating Without Access
Unsolicited Non-Participating
15-Jun-20 Issuer Rating Confirmed A Stb CA
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