Mitsubishi Corp.

Strong and diversified resource and nonresource business portfolios Favorable profitability relative to its peers Good balance between equity capital and risk-based assets relative to its peers Well managed and stable funding Part of revenue susceptible to fluctuations in commodity market prices Continuous large investment burden in volatile resource businesses Large amount of debt The outlook is stable. Standard&Poor's Ratings Services holds the view that Mitsubishi Corp. will likely maintain relatively stable profitability and continue to adequately manage the balance between its risk-based assets and equity capital (risk buffer). The stable outlook reflects our view that net incomes from its nonresource segments will remain solid for the next one to two years. To maintain its current credit quality, we

...The outlook is stable. Standard & Poor's Ratings Services holds the view that Mitsubishi Corp. will likely maintain relatively stable profitability and continue to adequately manage the balance between its risk-based assets and equity capital (risk buffer). The stable outlook reflects our view that net incomes from its nonresource segments will remain solid for the next one to two years. To maintain its current credit quality, we view it is as crucial that the company focus on financial discipline in its financial policies for the next one to two years--such as maintaining positive free cash flow--and accelerate the pace of profit generation from sluggish investments so that it can accumulate profits to improve the balance between risk-based assets and equity capital. In our analysis of the company's resource investments, we will increasingly focus on developments regarding its projects, specifically on risks such as whether its investments like those in large-scale resources or energy...

Full Report