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Sharp Corp. Senior Unsecured Debt Rating Raised To 'B+' And Taken Off UCO On Revised Issue Rating Criteria

Published Oct 04, 2017

4 pages (1435 words) — Published Oct 04, 2017

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Abstract:

We have completed our review of our issue rating on Sharp's senior unsecured debt, which we placed under criteria observation (UCO) following revision of our criteria for corporate issue ratings. We are raising our senior unsecured debt rating on Sharp one notch to 'B+' and are removing the rating from UCO. As a result, the senior unsecured debt rating on Sharp is the same level as our long-term corporate credit rating on the company. TOKYO (S&P Global Ratings) Oct. 5, 2017--S&P Global Ratings today said that it has raised its issue rating on Sharp Corp.'s (B+/Stable/B) senior unsecured debt to 'B+' from 'B' upon completing a review of the issue rating on the Japan-based electronics maker. The review follows publication

Brief Excerpt:

...+ We have completed our review of our issue rating on Sharp's senior unsecured debt, which we placed under criteria observation (UCO) following revision of our criteria for corporate issue ratings. + We are raising our senior unsecured debt rating on Sharp one notch to 'B+' and are removing the rating from UCO. + As a result, the senior unsecured debt rating on Sharp is the same level as our long-term corporate credit rating on the company. TOKYO (S&P Global Ratings) Oct. 5, 2017--S&P Global Ratings today said that it has raised its issue rating on Sharp Corp.'s (B+/Stable/B) senior unsecured debt to 'B+' from 'B' upon completing a review of the issue rating on the Japan-based electronics maker. The review follows publication of our revised issue ratings criteria, "Reflecting Subordination Risk In Corporate Issue Ratings" on Sept. 21, 2017, after which we placed the rating "under criteria observation" (UCO). With our criteria review complete, we are removing the UCO designation from the...

Report Type:

Ratings Action

Ticker

6753@JP

Issuer

Sharp Corp.

GICS

Consumer Electronics (25201010)

Sector

Global Issuers

Country

Japan

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "Sharp Corp. Senior Unsecured Debt Rating Raised To 'B+' And Taken Off UCO On Revised Issue Rating Criteria" Oct 04, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Sharp-Corp-Senior-Unsecured-Debt-Rating-Raised-To-B-And-Taken-Off-UCO-On-Revised-Issue-Rating-Criteria-1926333>

APA:	S&P Global Ratings’ Credit Research. (). Sharp Corp. Senior Unsecured Debt Rating Raised To 'B+' And Taken Off UCO On Revised Issue Rating Criteria Oct 04, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Sharp-Corp-Senior-Unsecured-Debt-Rating-Raised-To-B-And-Taken-Off-UCO-On-Revised-Issue-Rating-Criteria-1926333>

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