Rating On Japan's Sojitz Corp. Raised To 'BB+'; Off Watch; Outlook Stable - S&P Global Ratings’ Credit Research

Rating On Japan's Sojitz Corp. Raised To 'BB+'; Off Watch; Outlook Stable

Rating On Japan's Sojitz Corp. Raised To 'BB+'; Off Watch; Outlook Stable - S&P Global Ratings’ Credit Research
Rating On Japan's Sojitz Corp. Raised To 'BB+'; Off Watch; Outlook Stable
Published Feb 26, 2007
1112 words — Published Feb 26, 2007
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TOKYO (Standard&Poor's) Feb. 27, 2007--Standard&Poor's Ratings Services today raised its long-term issuer credit rating on Sojitz Corp. to 'BB+' from 'BB' and removed the rating from CreditWatch where it was placed on April 28, 2006 with positive implications. The upgrade follows Sojitz's conversion of a total ¥205 billion of its ¥300 billion in outstanding convertible bonds into common shares by Feb. 26, 2007. In addition, the upgrade reflects expectations that Sojitz will achieve greater improvement in its capital quality as it is expected to continue to make progress in the conversion of convertible bonds. The outlook on the long-term rating is stable. At the same time, Standard&Poor's affirmed its 'BBB-' long-term senior unsecured debt

  
Brief Excerpt:

RESEARCH Rating On Japan's Sojitz Corp. Raised To '##+'; Off Watch; Outlook Stable Publication date: 26-Feb-2007 TOKYO (Standard & Poor's) Feb. 27, 2007--Standard & Poor's Ratings Services today raised its long-term issuer credit rating...

  
Report Type:

Ratings Action

Ticker
2768@JP
Issuer
Sojitz Corp.
GICS
Trading Companies & Distributors (20107010)
Sector
Global Issuers
Country
Japan
Region
Asia
Format:
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Sojitz Corp. – 2007/08/07 – US$ 500.00

Summary: Sojitz Corp. – 2007/08/07 – US$ 225.00

Outlook On Japan's Sojitz Revised To Positive – 2007/11/22 – US$ 150.00

Sojitz Corp. – 2008/12/24 – US$ 500.00

Summary: Sojitz Corp. – 2008/12/24 – US$ 225.00

Sojitz Corp. – 2006/03/09 – US$ 500.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Rating On Japan's Sojitz Corp. Raised To 'BB+'; Off Watch; Outlook Stable" Feb 26, 2007. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Japan-s-Sojitz-Corp-Raised-To-BB-Off-Watch-Outlook-Stable-564011>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating On Japan's Sojitz Corp. Raised To 'BB+'; Off Watch; Outlook Stable Feb 26, 2007. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-On-Japan-s-Sojitz-Corp-Raised-To-BB-Off-Watch-Outlook-Stable-564011>
  
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