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S&P Affirms Mitsubishi Corp.'s AA- Rtg;Otlk Stable May 97. Edition No. 1
Standard & Poors, May 1997, Pages: 144
Abstract
LONDON -- Standard & Poor's CreditWire 5/16/96 -- Standard & Poor's today has affirmed its double-'A'-minus rating on Mitsubishi Corp.'s Y500 billion shelf-registration program, which it has recently renewed. The rating reflects the company's very strong trading business, a fair amount of success in diversification and investment, and a satisfactory capital structure. The outlook for the rating is stable. Mitsubishi, Japan's largest trading company, benefits from: -- A leading position in traditional core trading, including heavy machinery, metals, and commodities; -- A wide spectrum of trading activities, especially since the company has built up a strong position in the stable and profitable food business in the past few years; and -- Relationships with most leading Japanese manufacturers. Many are members...
Companies mentioned in this report are: Mitsubishi Corp.
Action: Affirmed
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.
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