Sharp Corp. Outlook Revised Up To Stable On Brighter Profit Prospects; 'BB-/B' Ratings Affirmed

Sharp's operating profit is likely to be higher than we previously assumed, thanks to robust performances for all businesses other than LCDs. We expect the company's key financial ratios to remain commensurate with the ratings as profit and operating cash flow recover and it curbs debt growth. We are revising to stable from negative the outlook on our long-term issuer credit rating on Sharp and affirming all ratings. TOKYO (S&P Global Ratings) March 25, 2021--S&P Global Ratings today said it has revised to stable from negative its outlook on Japan-based electronics maker Sharp Corp. and its overseas subsidiary Sharp International Finance (U.K.) PLC. We have affirmed the 'BB-' long-term issuer credit rating and the 'B' short-term issuer credit rating and

...March 25, 2021 - Sharp's operating profit is likely to be higher than we previously assumed, thanks to robust performances for all businesses other than LCDs. - We expect the company's key financial ratios to remain commensurate with the ratings as profit and operating cash flow recover and it curbs debt growth. - We are revising to stable from negative the outlook on our long-term issuer credit rating on Sharp and affirming all ratings. TOKYO (S&P Global Ratings) March 25, 2021--S&P Global Ratings today said it has revised to stable from negative its outlook on Japan-based electronics maker Sharp Corp. and its overseas subsidiary Sharp International Finance (U.K.) PLC. We have affirmed the '##-' long-term issuer credit rating and the 'B' short-term issuer credit rating and 'B' commercial paper program rating on the Japan-based company. At the same time, we have also affirmed our '##-' long-term issuer credit rating and 'B' short-term issuer credit rating and 'B' commercial paper program...

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