United States

Sanken Electric Co Ltd (6707.T)

6707.T on Tokyo Stock Exchange

18 Oct 2017
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Fri, Sep 22 2017

BRIEF-R&I downgrades Sanken Electric's rating to "BBB" and changes outlook to negative

* Rating and Investment Information, Inc. (R&I) downgraded the company's rating to "BBB", previously "BBB+"-R&I

BRIEF- Sanken Electric consolidated subsidiary SKN to issu new shares to OEP through private placement

* Says its consolidated subsidiary Sanken North America Inc (SKN) will issue 2.9 million new shares to One Equity Partners(OEP) through private placement, with a payment date on Aug. 24 (U.S. time)

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