The stable outlook reflects Standard&Poor's Ratings Services' view that Sojitz Corp.'s plans for new capital investments and loans are more conservative than those of its peers. Even though we expect its risk assets to increase, we believe that they are likely to remain manageable, and that the company will maintain the balance between its risk assets and capital at an adequate level for the current rating. We may see downward pressure on the rating if Sojitz's risk assets-to-capital balance significantly deteriorates owing to: a material decrease in earnings; a further decline in commodity prices; an unexpected increase in investments; or substantial degradation of existing assets. We may consider raising the rating if Sojitz builds a stable earnings base
