TOKYO (Standard&Poor's) Dec. 12, 2011--Standard&Poor's Ratings Services said today its ratings on Sojitz Corp. (BBB-/Stable/--) are unaffected after the general trading company revised its forecast for fiscal 2011 (ending March 31, 2012) to a loss from its previous forecast for a gain. Sojitz now expects to post a net loss of ¥12 billion, compared with its earlier forecast for a ¥16 billion profit. This is a result of its drawing down deferred tax assets in response to the proclamation of a law related to lowering corporate taxes. Our ratings on Sojitz are unaffected because the loss forecast is due to an accounting adjustment and does not accompany outward cash flow. Therefore, we expect the impact on
