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S&P affirms Toshiba
Standard & Poor's said it affirmed the BBB long-term and A-2 short-term corporate credit ratings on Toshiba Corp. because of the decreased likelihood that Toshiba's financial standing will deteriorate substantially in the next one to two years.
The outlook is stable.
The agency also said it affirmed the BBB senior unsecured debt rating on Toshiba and the ratings on its overseas subsidiaries.
Although the company's emphasis on growth and improvements to its business weighs on its financial performance, S&P said it believes its earnings have become more stable.
Toshiba prioritizes the improvement of its finances, the agency added.
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