Japan's Nidec bond spreads widen as auditor withholds financials opinion
The bond spreads of Japanese motor maker Nidec Corp. widened after its auditor withheld an opinion on the company's financial statements, raising investor concerns about growing credit risks. The spread on Nidec's notes due July 2032 widened to 223 basis points, its widest since early March, having expanded by about 39 basis points over the past three trading days.
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