Japan-Based Mitsubishi Corp. Downgraded By One Notch To 'A'; Outlook Negative - S&P Global Ratings’ Credit Research

Japan-Based Mitsubishi Corp. Downgraded By One Notch To 'A'; Outlook Negative

Japan-Based Mitsubishi Corp. Downgraded By One Notch To 'A'; Outlook Negative - S&P Global Ratings’ Credit Research
Japan-Based Mitsubishi Corp. Downgraded By One Notch To 'A'; Outlook Negative
Published Mar 25, 2016
5 pages (2207 words) — Published Mar 25, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Japan-based Mitsubishi Corp. announced that it will post a net loss of ¥150 billion in fiscal 2015 because it will book an impairment loss of ¥430 billion primarily from its metals and energy businesses. We previously held a positive view of Mitsubishi Corp.'s well-balanced trading and investment business portfolios. We believed that they were helping the company to generate stable profits and to build a solid business base compared with its peers. However, we now believe that it is difficult for us to continue to incorporate the solidness of its business base as a strength in our assessment of its anchor. We are lowering to 'A' from 'A+' our long-term corporate credit ratings on Mitsubishi Corp. and our long-term ratings

  
Brief Excerpt:

...+ Japan-based Mitsubishi Corp. announced that it will post a net loss of Ñ150 billion in fiscal 2015 because it will book an impairment loss of Ñ430 billion primarily from its metals and energy businesses. + We previously held a positive view of Mitsubishi Corp.'s well-balanced trading and investment business portfolios. We believed that they were helping the company to generate stable profits and to build a solid business base compared with its peers. However, we now believe that it is difficult for us to continue to incorporate the solidness of its business base as a strength in our assessment of its anchor. + We are lowering to 'A' from 'A+' our long-term corporate credit ratings on Mitsubishi Corp. and our long-term ratings on three of its subsidiaries that we regard as its core subsidiaries, and affirming the short-term ratings on two of them. + The outlook on our long-term rating on Mitsubishi Corp. is negative. Accordingly, the outlook on all of the rated subsidiaries is also negative....

  
Report Type:

Ratings Action

Ticker
8058@JP
Issuer
GICS
Trading Companies & Distributors (20107010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Japan-Based Mitsubishi Corp. Downgraded By One Notch To 'A'; Outlook Negative" Mar 25, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Japan-Based-Mitsubishi-Corp-Downgraded-By-One-Notch-To-A-Outlook-Negative-1603844>
  
APA:
S&P Global Ratings’ Credit Research. (). Japan-Based Mitsubishi Corp. Downgraded By One Notch To 'A'; Outlook Negative Mar 25, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Japan-Based-Mitsubishi-Corp-Downgraded-By-One-Notch-To-A-Outlook-Negative-1603844>
  
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