...May 24, 2019 - Sojitz's net profit is likely on track for further growth as the company steadily expands, led primarily by its nonresource businesses. - We see a heightened likelihood of the company's capital adequacy improving because we expect it to adhere to conservative financial management and to curb growth in risk assets. - Seeing at least a one-in-three chance of upgrading the company in the coming year or two, we are revising the outlook on our long-term issuer credit rating on Sojitz to positive from stable. - We are affirming our '###-' long-term issuer credit rating. TOKYO (S&P Global Ratings) May 24, 2019--S&P Global Ratings today said it has revised to positive from stable the outlook on its long-term issuer credit rating on Sojitz Corp. We have affirmed our '###-' long-term issuer credit rating on the Japan-based general trading and investment company. We revised the outlook because we see a heightened likelihood that its capital adequacy will improve based on two factors....
