Toshiba Corp.¡¯s bonds were Japan¡¯s biggest losers this month, and the worst may not be over in the nation¡¯s latest accounting scandal.
The company¡¯s 1.68 percent debt maturing in 2020 lost 1.45 percent in July, the most among 621 yen-denominated corporate issues in a Bank of America Merrill Lynch index.
Standard & Poor¡¯s said last week it may cut Toshiba¡¯s BBB rating, the second-lowest investment grade.
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