TOKYO (Standard & Poor's) Feb. 27, 2006--Standard & Poor's Ratings Services today revised its outlook on the 'BBB+' long-term corporate credit rating on Mitsubishi Electric Corp. to positive from stable, reflecting its enhanced and stabilized cash flow generation. Steady improvement in the company's profit base and cost structure from ongoing structural reforms has enabled Mitsubishi Electric to lower its debt, strengthening its financial profile. At the same time, Standard & Poor's affirmed the long-term and 'A-2' short-term ratings on the company. "Mitsubishi Electric has steadily enhanced its profit base and cost structure through company-wide cost reduction efforts and ongoing restructuring of its less profitable businesses, which include mobile phones, cathode-ray tubes (CRT), and information systems," said Standard & Poor's credit
