...November 26, 2019 - Toshiba's profitability is likely to steadily recover in the coming one to two years as cost cuts and restructuring help to restore its operating performance. - The company is likely to maintain a financial standing commensurate with our ratings, despite large cash outflows required for acquiring stakes in a listed subsidiary and to cover steep losses at an equity-method affiliate. - We are affirming our '##' long-term ratings and 'B' short-term ratings on the company. - The outlook remains positive as there is a clear possibility that measures to substantially restore profitability in fiscal 2019 will be successful, despite economic uncertainties. TOKYO (S&P Global Ratings) Nov. 26, 2019--S&P Global Ratings today said it has affirmed its '##' long-term issuer credit and senior unsecured debt ratings and 'B' short-term issuer credit and commercial paper program ratings on Japan-based capital goods and diversified electronics company Toshiba Corp. The outlook on the long-term...
