TOKYO (Standard&Poor's) April 20, 2009--Standard&Poor's Ratings Services today placed its 'BBB' long-term and 'A-2' short-term corporate credit ratings on Toshiba Corp. on CreditWatch with negative implications. The CreditWatch placement reflects growing uncertainty over the company's medium-term financial performance and increasing downward pressure on its capital quality. At the same time, Standard&Poor's also placed its long-term and short-term corporate credit ratings on Toshiba's overseas subsidiaries on CreditWatch with negative implications. On April 17, 2009, Toshiba announced revisions to its business forecast for fiscal 2008 (ended March 31, 2009). The company now anticipates an operating loss of ¥350 billion for fiscal 2008, which is not too dissimilar to revisions made by the company on Jan. 29,
