Risks maintained at manageable levels with limited concentration risk Adequate liquidity backed by close relationships with its main bank and other creditor banks Weak capital base compared to peers Weaker business franchise than peers holding high-margin, long-term interests in energy resource projects Sojitz Corp.'s (BBB-/Stable/--) financial profile has been strengthened by its efforts to improve its capital structure while maintaining a prudent investment stance. The improvement came after a period of extensive financial restructuring and support from creditor banks. Nevertheless, the company's business franchise is weak compared to its peers, as it has fewer high-margin, long-term energy resource-related interests and a weaker revenue base in the non-resource businesses. For Sojitz to improve its credit quality, Standard&Poor's Ratings Services
