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Ratings on Japan's Sojitz Corp. Still on Watch Developing

Published Sep 03, 2004

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Abstract:

TOKYO (Standard&Poor's) Sept. 3, 2004--Standard&Poor's Ratings Services said today that its long-term 'CCC' corporate credit rating and 'B+' senior unsecured debt rating on Sojitz Corp. remain on CreditWatch with developing implications, following the announcement by the company that it will reveal its final business restructuring plan next week. The ratings on Sojitz were placed on CreditWatch on June 8, 2004 following the company's announcement that it will formulate a new business plan. The CreditWatch status will be resolved after Standard&Poor's examines the details of the capital raising scheme and the feasibility of the new business plan. If the final plan includes a disposal of assets and a capital increase of sufficient size, it would

Report Type:

Ratings Action

Ticker

2768@JP

Issuer

Sojitz Corp.

GICS

Trading Companies & Distributors (20107010)

Sector

Global Issuers

Country

Japan

Region

Asia

Format:

HTML

Bond Rating on Japan-Based Sojitz Raised to 'BB' on New Capital Injection, Restructuring Plan – 2004/09/08 – US$ 150.00

Sojitz Bond Rating Affirmed at 'BB', Issuer Rating Lowered to 'CC' on New Restructuring Plan – 2004/09/29 – US$ 150.00

Sojitz Assigned New 'B+' Rating After Completion of Capital Support Plan – 2004/10/29 – US$ 150.00

Rating On Japan's Sojitz Affirmed; No Impact From Losses On Commodities Transactions – 2005/03/10 – US$ 150.00

Research Update: Rating On Japan's Sojitz Affirmed: No Impact From Losses On Commodities Transactions – 2005/03/10 – US$ 225.00

Summary: Sojitz Corp. – 2004/08/12 – US$ 225.00

CreditWatch Implications on Japan's Sojitz Revised to Developing – 2004/07/27 – US$ 150.00

Japan's Sojitz Senior Bonds Remain 'B+' Despite Company Downgrade to 'CCC' – 2004/07/14 – US$ 150.00

Japan's Sojitz Downgraded to 'B-', on CreditWatch Negative – 2004/06/08 – US$ 150.00

Japan's Sojitz Corp. Rated 'B'; Outlook Stable – 2004/03/31 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Ratings on Japan's Sojitz Corp. Still on Watch Developing" Sep 03, 2004. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-on-Japan-s-Sojitz-Corp-Still-on-Watch-Developing-393894>

APA:	S&P Global Ratings’ Credit Research. (). Ratings on Japan's Sojitz Corp. Still on Watch Developing Sep 03, 2004. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-on-Japan-s-Sojitz-Corp-Still-on-Watch-Developing-393894>

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