Tokyo, February 13, 2014 -- Moody's Japan K.K. remains concerned of Asahi Glass Company, Limited's (AGC, A2 negative) continued pricing pressures. The company released its earnings for the fiscal year ending 31 December 2013, and reported operating profit decline year-over-year largely due to on-going pricing pressures. AGC's A2 issuer rating and the P-1 commercial paper rating of its US subsidiary, AGC Capital, Inc. currently have very little cushion to absorb further operating performance deterioration or meaningful increases in debt balances from current levels.

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