FITCH Upgrades Kioxia IDR To BBB-, Stable; Cites Stronger Balance Sheet, Improved Cash Generation, Lower Funding Costs; Notes AI-Driven Enterprise SSD Demand Rising; Rating Hinges On NAND Cycle

2026-05-25

FITCH Upgrades Kioxia IDR To BBB-, Stable; Cites Stronger Balance Sheet, Improved Cash Generation, Lower Funding Costs; Notes AI-Driven Enterprise SSD Demand Rising; Rating Hinges On NAND Cycle