TOKYO (Standard&Poor's) Nov. 19, 2007--Standard&Poor's Ratings Services today raised to 'BBB+' from 'BBB' its long-term corporate credit and senior unsecured debt ratings on Toshiba Corp., while at the same time affirming its 'A-2' short-term and commercial paper program ratings on the company based on its steadily increasing tolerance to volatility in the business environment. The outlook on the long-term credit rating is stable. Standard&Poor's expects Toshiba's tolerance to market fluctuations to become even more robust over the medium term due to the solid improvements achieved by the company in its profitability and cash flow generating capabilities, and by expectations for the continued strengthening of its financial base. At the same time, Standard&Poor's
