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S&P lifts Mitsubishi Motors
S&P said it raised its long-term issuer credit rating on Mitsubishi Motors Corp. to BB+ from BB.
The outlook is stable.
“We have upgraded Mitsubishi Motors because we expect its operating performance to continue gains in stability in the next one to two years. Its operating performance has been stabilizing thanks to improvements in its management of development activities, enterprise risk, and profitability, coupled with robust new vehicles sales,” S&P said in a news release.
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