TOKYO (Standard&Poor's) May 11, 2009--Standard&Poor's Ratings Services said today that its 'BBB' long-term corporate credit and senior unsecured debt ratings and 'A-2' short-term rating on Toshiba Corp. remain on CreditWatch with negative implications. The CreditWatch update follows Toshiba's announcement on May 8, 2009, of its earnings forecast for fiscal 2009 (ending March 31, 2010), as well as the company's plans to enhance its capital through a public stock offering of about ¥300 billion and an issuance of subordinated bonds worth between ¥170 billion and ¥180 billion, which is aimed at strengthening its financial standing. The long-term and short-term corporate credit ratings on Toshiba's overseas subsidiaries also remain on CreditWatch with negative implications. The ratings on Toshiba
