...December 8, 2022 - We see a heightened likelihood that Sojitz's net profit will exceed our previous assumptions thanks to high resource and chemicals prices as well as steady growth of its nonresource businesses. - Its financial soundness is likely to continue improving faster than we had assumed due to accumulation of net profit and conservative financial management. - We revised to positive from stable the outlook on our long-term issuer credit rating on Sojitz and affirmed our '###-' long-term issuer credit rating. TOKYO (S&P Global Ratings) Dec. 8, 2022--S&P Global Ratings today said it has revised to positive from stable the outlook on its long-term issuer credit rating on Sojitz Corp. We affirmed the '###-' long-term issuer credit rating on the Japan-based general trading and investment company. We revised the outlook mainly for two reasons. One, we see a heightened likelihood of robust net profit. Sojitz's net profit in fiscal 2022 (ends March 31, 2023) is more likely than before...
