BULLETIN: No Ratings Impact From NTT's Lowered Profit Forecast - S&P Global Ratings’ Credit Research

BULLETIN: No Ratings Impact From NTT's Lowered Profit Forecast

BULLETIN: No Ratings Impact From NTT's Lowered Profit Forecast - S&P Global Ratings’ Credit Research
BULLETIN: No Ratings Impact From NTT's Lowered Profit Forecast
Published Mar 03, 2005
553 words — Published Mar 03, 2005
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Abstract:

TOKYO (Standard&Poor's) March 3, 2005--Standard&Poor's Ratings Services today said its ratings on Nippon Telegraph&Telephone Corp. (NTT; AA-/Stable/A-1+) would not be affected by the company's lowered profit forecast for fiscal 2005 (ending March 31, 2006). Strong consolidated cash flow and expected progress in cost cuts mitigate the downturn in income for the medium term. In NTT's business plan for fiscal 2005 announced on March 1, the company revealed it expects a substantial decrease in income from voice transmission at its two regional operators, NTT East and NTT West. The company expects ¥40 billion in ordinary profit for fiscal 2005, a 76.2% decline from the forecast profit for fiscal 2004. Competition is intensifying in the voice

  
Brief Excerpt:

RESEARCH BULLETIN: No Ratings Impact From NTT's Lowered Profit Forecast Publication date: 03-Mar-2005 TOKYO (Standard & Poor's) March 3, 2005--Standard & Poor's Ratings Services today said its ratings on Nippon Telegraph & Telephone...

  
Report Type:

Bulletin

Ticker
9432@JP
Issuer
Nippon Telegraph&Telephone Corp.
GICS
Integrated Telecommunication Services (50101020)
Sector
Global Issuers, Structured Finance
Country
Japan
Region
Latin America
Format:
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NTT's Swiss Franc Bonds Assigned 'AA-' Rating – 2005/05/31 – US$ 150.00

Summary: Nippon Telegraph&Telephone Corp. – 2006/01/20 – US$ 225.00

Nippon Telegraph&Telephone Corp. – 2006/01/20 – US$ 500.00

NTT's Swiss Franc Bonds Assigned 'AA-' Rating – 2006/02/15 – US$ 150.00

NTT's Swiss Franc Bonds Assigned 'AA-' Rating – 2007/02/22 – US$ 150.00

NTT's Euro Bonds Assigned 'AA-' Rating – 2004/05/25 – US$ 150.00

Nippon Telegraph&Telephone Corp. – 2003/04/23 – US$ 500.00

Summary: Nippon Telegraph&Telephone Corp. – 2003/04/23 – US$ 225.00

Summary: Nippon Telegraph&Telephone Corp. – 2003/03/13 – US$ 225.00

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MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: No Ratings Impact From NTT's Lowered Profit Forecast" Mar 03, 2005. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-No-Ratings-Impact-From-NTT-s-Lowered-Profit-Forecast-425980>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: No Ratings Impact From NTT's Lowered Profit Forecast Mar 03, 2005. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-No-Ratings-Impact-From-NTT-s-Lowered-Profit-Forecast-425980>
  
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