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Bulletin: S&PCORRECT: Ratings On Mitsui & Co., Mitsubishi Corp. Unaffected By Sakhalin II Stock Transfer Dec 06
Standard & Poors, Dec 2006
Abstract
(Editor's note: In the version of this media release published earlier today, the transfer price was incorrectly stated. A corrected version follows.) TOKYO (Standard & Poor's) Dec. 22, 2006--Standard & Poor's Ratings Services today said that there would be no impact on its ratings on Mitsubishi Corp. (A/Stable/A-1) and Mitsui & Co. Ltd. (A/Stable/A-1) following the announcement on Dec. 21, 2006, that the two companies and Netherlands-based Royal Dutch Shell PLC (AA/Stable/A-1+) would transfer slightly over 50% of their stake in Sakhalin Energy Investment Co. to Russia's OAO Gazprom (BBB/Stable/--) for about $7.45 billion. Sakhalin Energy Investment is the operating company of the Sakhalin II international energy project. As a result of this agreement reached among the four companies, Mitsubishi...
Companies mentioned in this report are: Mitsui & Co. Ltd.,Mitsubishi Corp.
Action: Bulletin
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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