S&P revises Sharp view to stable

S&P said it revised to stable from negative its outlook on Sharp Corp. and its overseas subsidiary Sharp International Finance (U.K.) plc.

S&P affirmed the BB- long-term issuer credit rating and the B short-term issuer credit rating and B commercial paper program rating on the company.

At the same time, the agency affirmed its BB- long-term issuer credit rating and B short-term issuer credit rating and B commercial paper program ratings on its overseas subsidiary.

“We revised the outlook upward because Sharp's operating profit is likely to be higher than we previously assumed,” S&P said in a news release.

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