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S&P lifts Mitsubishi Motors
Standard & Poor's said it raised its long-term corporate credit rating on Mitsubishi Motors Corp. to CCC+ from SD and its rating on the company's senior unsecured bonds to B- from CCC+.
The outlook on the corporate credit rating is negative.
"The upgrade of MMC reflects the lower possibility of near-term default by the company following the recent completion of a capital enhancement," said Chizuko Satsukawa, a credit analyst at S&P.
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