...+ Toshiba on Nov. 19, 2017, announced that it will raise around Ñ600 billion through the sale of new shares to investment funds. + If Toshiba completes this financing transaction as planned, we believe it can avoid insolvency and improve its financial position, even in the event of a delay in the planned sale of Toshiba Memory. + We are placing our ratings, including the '###-' long-term corporate credit rating, on Toshiba on CreditWatch with positive implications. + In resolving the CreditWatch placement, we will confirm completion of the investment funds' payments in the transaction and reassess Toshiba's debt and capital prospects as well as lender banks' expected support. + Although we need to examine whether investment funds planning to buy the new shares would take part in Toshiba's management, we believe this transaction should be positive for our ratings on Toshiba since this will largely improve Toshiba's financial standing and produce a lower likelihood of debt restructuring....
