TOKYO (Standard & Poor's) Oct. 10, 2007--Standard & Poor's Ratings Services today assigned its 'A' rating to Mitsubishi Corp.'s (A/Positive/A-1) ¥100 billion long-term senior note shelf registration effective today, Oct. 10, 2007, through its maturity date two years later on Oct. 9, 2009. The rating on Mitsubishi reflects the company's solid business franchise, sound capital base in light of its business risks, robust profitability compared to other Japanese companies, and strong funding capabilities. Mitsubishi is Japan's largest general trading company, with a wide range of businesses that handle natural resources and energy, iron and steel, automotive, chemical, and food products. The company holds a large number of interests in its energy resources segment, particularly in coal and gas, and it...
Companies mentioned in this report are:
- Mitsubishi Corp.
Action: New Rating
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