Standard&Poor's expects an improvement in Aeon's earnings base, given a series of management improvement measures, including cost cutting. We also expect a slow improvement in the company's financial standing due to its policy to reduce investments in new store openings. We revised the outlook to stable from negative, and affirmed the ratings. TOKYO (Standard&Poor's) June 25, 2010--Standard&Poor's Ratings Services today revised its outlook on the 'A-' long-term corporate credit rating on Aeon Co. Ltd. to stable from negative, reflecting our expectation for improvement in the company's earnings base, reflecting progress in cutting costs and business portfolio restructuring. The outlook revision is also based on our view that the company's financial standing is likely to
