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S&PCORRECT: Mitsui, Sumitomo, Marubeni, And Sojitz Upgraded; Outlook On Mitsubishi To Positive Mar 05 Product Image

S&PCORRECT: Mitsui, Sumitomo, Marubeni, And Sojitz Upgraded; Outlook On Mitsubishi To Positive Mar 05

  • ID: 1771120
  • March 2005
  • Standard & Poors

FEATURED COMPANIES

  • Marubeni Corp.
  • Mitsubishi Corp.
  • Mitsui & Co. Ltd.
  • Sojitz Corp.
  • Sumitomo Corp.
  • MORE

Abstract
(Editor's note: In the version of this release published earlier today, Sumitomo Corp.'s core operating profit was incorrectly stated. A corrected version follows.) TOKYO (Standard & Poor's) March 8, 2005--Standard & Poor's Ratings Services today raised its long-term corporate credit ratings on Mitsui & Co. Ltd. and Sumitomo Corp. to 'A-' from 'BBB+', Marubeni Corp. to 'BB' from 'BB-', and Sojitz Corp. to 'BB-' from 'B+'. The outlooks on the ratings on Mitsui, Sumitomo, and Marubeni are positive, and the outlook on Sojitz is stable (see list below). At the same time, Standard & Poor's revised its outlook to positive from stable on the long-term credit rating on Mitsubishi Corp. (A-/Positive/A-2) and affirmed its ratings. The ratings actions affect all...

Companies mentioned in this report are:
- Mitsubishi Corp.
- Mitsui & Co. Ltd.
- Sumitomo Corp.
- Marubeni Corp.
- Sojitz Corp.

Action: Affirmed
Action: Outlook: Positive
Action: Outlook: Stable
Action: Upgraded

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Note: Product cover images may vary from those shown

- Mitsubishi Corp.
- Mitsui & Co. Ltd.
- Sumitomo Corp.
- Marubeni Corp.
- Sojitz Corp.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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