TOKYO (Standard&Poor's) July 12, 2012--Standard&Poor's Ratings Services today assigned its 'AA' rating to Japan-based telecommunications company Nippon Telegraph&Telephone Corp.'s (NTT; AA/Stable/A-1+) US$750 million 1.4% notes due July 18, 2017. The ratings on NTT reflect its established leading position in Japan's fixed-line, mobile communications, and broadband markets and its strong earnings and profitability in its mobile business, which has an almost 50% share of the mobile communications market. Also, in Japan's broadband business, NTT is by far the largest fiber-to-the-home (FTTH) service provider. We also factor into the ratings an increase in contributions that its system integration (SI) business has made to the company's total earnings and which we expect to continue; another factor is
