...March 30, 2022 - The rejection by shareholders of a Toshiba plan to spin off a core business means it has become highly unlikely that the company's performance and cash flow will deteriorate substantially. - Despite ongoing management issues, we do not expect Toshiba's financial ratios to deteriorate significantly soon: The company has relatively stable cash flows from its infrastructure business. - We affirmed our '##+' long- and 'B' short-term credit ratings on the company and removed the long-term issuer credit rating from CreditWatch with negative implications. - The negative outlook reflects our view that there is at least a one-in-three chance that Toshiba's competitiveness and financial cushion will deteriorate amid prolonged management turmoil. TOKYO (S&P Global Ratings) March 30, 2022--S&P Global Ratings today said it has affirmed its '##+' long-term issuer credit rating and 'B' short-term issuer and issue credit ratings on Toshiba Corp. We removed the long-term issuer credit rating...
