...June 6, 2023 - We see a heightened likelihood of Sojitz's net profit staying high at about Ñ90 billion in the next one to two years thanks to steady growth of nonresource businesses amid declining prices for coal and other resources. - We see a stronger likelihood of the company's financial soundness remaining above our previous assumption due to steady accumulation of shareholders' equity and financial management maintaining positive free cash flow after shareholder returns for three years through fiscal 2023. - We raised to '###' our long-term issuer credit rating on the company. - The outlook is stable, reflecting our view that the company will continue to generate strong net profit and maintain a policy focused on financial soundness. TOKYO (S&P Global Ratings) June 6, 2023--S&P Global Ratings today said it has raised its long-term issuer credit rating on Japan-based general trading and investment company Sojitz Corp. one notch to '###' from '###-'. The outlook is stable. We upgraded...
