| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Mitsubishi Motors Corp. > News item |
S&P ups Mitsubishi Motors
Standard & Poor's said it raised its long-term corporate credit rating on Mitsubishi Motors Corp. to BB from B+ and removed the ratings from CreditWatch, where they were placed on Nov. 8.
The outlook on the corporate credit rating is stable.
S&P said the upgrade reflects S&P's opinion that an injection of about ¥244 billion in equity, raised through a public offering Jan. 29, is likely to allow Mitsubishi Motors to eliminate a large number of preferred shares in a restructuring of its capital and also to substantially improve its financial risk profile.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.