TOKYO (Standard & Poor's CreditWire) Feb. 13, 2001--Standard & Poor's today assigned its triple-'B'-plus rating to Toshiba Corp.'s Ñ20 billion 0.70% straight bond series 37 due Feb. 28, 2004. The outlook on the rating is stable. The corporate credit rating on Toshiba (BBB+/Stable/A-2) reflects the company's high degree of business diversity, as well as its strengths in information and communications equipment and systems, particularly portable PCs. These positive factors are mitigated by the company's relatively high exposure to the volatile and competitive semiconductor market. The rating also incorporates concerns that adverse conditions in the domestic economy will impede the company's efforts to improve its financial profile. On Feb 6., 2001, Toshiba announced that its revenues and earnings for fiscal 2000
