- Language: English
- Published: August 2012
Rating On Japan's Sojitz Corp. Raised To 'BB+'; Off Watch; Outlook Stable
- 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.
TOKYO (Standard & Poor's) Feb. 27, 2007--Standard & Poor's Ratings Services today raised its long-term issuer credit rating on Sojitz Corp. to 'BB+' from 'BB' and removed the rating from CreditWatch where it was placed on April 28, 2006 with positive implications. The upgrade follows Sojitz's conversion of a total -205 billion of its -300 billion in outstanding convertible bonds into common shares by Feb. 26, 2007. In addition, the upgrade reflects expectations that Sojitz will achieve greater improvement in its capital quality as it is expected to continue to make progress in the conversion of convertible bonds. The outlook on the long-term rating is stable. At the same time, Standard & Poor's affirmed its 'BBB-' long-term senior unsecured debt...
Companies mentioned in this report are: Sojitz Corp.
Action: Outlook: Stable
Action: Removed From CreditWatch
SHOW LESS READ MORE >
|Electronic||The report will be emailed to you.|