Mitsubishi Electric's profitability is improving, backed by its strong competitiveness in its Energy and Electric Systems and Industrial Automation Systems segments, and more aggressive business reforms than its peers. We see the company as likely to maintain its financial profile at a level commensurate with the current rating, given reduced possibility of material deterioration in its profitability, as well as its conservative financial policy. We affirmed our 'A' long-term corporate and debt ratings and 'A-1' short-term rating on the company. The outlook remains stable. TOKYO (Standard&Poor's) May 31, 2011--Standard&Poor's Ratings Services today affirmed its 'A' long-term corporate credit and debt ratings and 'A-1' short-term corporate credit rating on Mitsubishi Electric Corp. The outlook on the long-term
