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Bulletin: Ratings On Toshiba Corp. Remain On CreditWatch After Announcement On Toshiba Medical Systems Sale

Published Mar 18, 2016

3 pages (1300 words) — Published Mar 18, 2016

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Abstract:

TOKYO (Standard&Poor's) March 18, 2016--Standard&Poor's Ratings Services today said that its ratings on Japan-based diversified electronics company Toshiba Corp. (B+/Watch Neg/B) remain on CreditWatch with negative implications after the company announced on March 17 that it had concluded a deal with Japan-based optical equipment maker Canon Inc. and had transferred its entire stake in medical equipment subsidiary Toshiba Medical Systems Corp. for about ¥665.5 billion. We have kept our ratings on Toshiba on CreditWatch with negative implications since December 2015. When we maintained the ratings on CreditWatch in February 2016, we stated that before removing the ratings from CreditWatch we would need to confirm Toshiba is making progress in selling its assets and businesses, including Toshiba

Brief Excerpt:

...TOKYO (Standard & Poor's) March 18, 2016--Standard & Poor's Ratings Services today said that its ratings on Japan-based diversified electronics company Toshiba Corp. (B+/Watch Neg/B) remain on CreditWatch with negative implications after the company announced on March 17 that it had concluded a deal with Japan-based optical equipment maker Canon Inc. and had transferred its entire stake in medical equipment subsidiary Toshiba Medical Systems Corp. for about Ñ665.5 billion. We have kept our ratings on Toshiba on CreditWatch with negative implications since December 2015. When we maintained the ratings on CreditWatch in February 2016, we stated that before removing the ratings from CreditWatch we would need to confirm Toshiba is making progress in selling its assets and businesses, including Toshiba Medical Systems. We are keeping the ratings on CreditWatch with negative implications because we need to continue to examine Toshiba's operating performance for fiscal 2015 (ending March 31, 2016)...

Report Type:

Bulletin

Ticker

6502@JP

Issuer

Toshiba Corp.

GICS

Industrial Conglomerates (20105010)

Sector

Global Issuers

Country

Japan

Region

United States

Format:

PDF

Toshiba Corp. Long-Term Ratings Remain On CreditWatch Negative Following Upward Revision To Fiscal 2015 Guidance – 2016/04/27 – US$ 150.00

Research Update: Toshiba Corp. Long-Term Rating Lowered To 'B'; Outlook Negative; Long-Term Senior Debt Rating Lowered To 'BB-' – 2016/05/13 – US$ 225.00

Toshiba Corp. – 2016/06/20 – US$ 500.00

Summary: Toshiba Corp. – 2016/06/20 – US$ 225.00

Research Update: Ratings On Toshiba Affirmed At 'B/B', Senior Unsecured Rating Affirmed At 'BB-'; Outlook Remains Negative – 2016/11/21 – US$ 225.00

Toshiba Long-Term Rating Lowered To 'B+', Senior Unsecured Debt Rating Lowered To 'BB'; Ratings Remain On Watch Negative – 2016/02/05 – US$ 150.00

Research Update: Toshiba Downgraded To 'BB+/B', 'BBB-' Senior Unsecured Debt Rating Affirmed; Long-Term Ratings On CreditWatch Negative – 2015/12/22 – US$ 225.00

Toshiba Corp. – 2015/12/18 – US$ 500.00

Summary: Toshiba Corp. – 2015/12/18 – US$ 225.00

Research Update: Ratings On Japan's Toshiba Corp. Lowered To 'BBB-/A-3'; Outlook Negative – 2015/09/09 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Ratings On Toshiba Corp. Remain On CreditWatch After Announcement On Toshiba Medical Systems Sale" Mar 18, 2016. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Toshiba-Corp-Remain-On-CreditWatch-After-Announcement-On-Toshiba-Medical-Systems-Sale-1599540>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Ratings On Toshiba Corp. Remain On CreditWatch After Announcement On Toshiba Medical Systems Sale Mar 18, 2016. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Toshiba-Corp-Remain-On-CreditWatch-After-Announcement-On-Toshiba-Medical-Systems-Sale-1599540>

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