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Japan's Sojitz Upgraded To 'BB' On Improved Profitability; Still On Watch Positive Product Image

Japan's Sojitz Upgraded To 'BB' On Improved Profitability; Still On Watch Positive

  • Region: Japan
  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Abstract
TOKYO (Standard & Poor's) Sept. 29, 2006--Standard & Poor's Ratings Services today raised its long-term corporate credit rating on Sojitz Corp. to 'BB' from 'BB-' and its long-term senior unsecured debt rating on the company to 'BBB-' from 'BB+', reflecting Sojitz's improved capitalization and profitability. The corporate credit rating remains on CreditWatch with positive implications, while the READ MORE >

Sojitz Corp.

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