LONDON -- Standard&Poor's CreditWire 5/14/96 -- Standard&Poor's today has assigned its triple-`A' senior debt rating to Nippon Telegraph&Telephone Corp.'s (NTT) SFr250 million 4% Straight Bond due June 24, 2002. The rating reflects NTT's dominant position and important role in the Japanese telecommunications market, and strong cashflow and financial profile among major international peers. Despite increased penetration by the New Common Carriers (NCCs), NTT still maintains over 90% share of the domestic telephone market. NTT's earnings are expected to increase for the fiscal year ending March 1996, as a result of increases in basic monthly charges and directory assistance services implemented early 1995, and continued growth of the Japanese cellular phone market. However, profit levels
