...March 24, 2021 - Cost reductions and stable profits from Toshiba's infrastructure business will likely strengthen its ability to generate earnings. - Financial ratios will likely remain commensurate with the ratings as the company balances growth investments, financial improvement, and shareholder returns. - Management and governance have improved, as shown in its stronger ability to generate earnings and prudent financial management. - We are raising by one notch to '##+' our long-term credit ratings and affirming our 'B' short-term credit ratings on the company. - The stable outlook reflects our expectation that Toshiba's profitability will improve gradually and it can maintain a financial standing commensurate with the rating by managing investments and shareholder returns. TOKYO (S&P Global Ratings) March 24, 2021--S&P Global Ratings today said it has raised by one notch to '##+' its long-term issuer credit ratings on Japan-based capital goods and diversified electronics company Toshiba...
