S&P Rates Marubeni's Senior Bonds BBB+
S&P Global Ratings has given a BBB+ long-term issue credit rating to Marubeni's (TYO:8002) US dollar senior unsecured bonds, according to a Wednesday release.
The bonds' rating is equivalent to Marubeni's long-term issuer credit rating, based on S&P's view that the bonds will not be significantly subordinated to other debt and will likely increase the company's offshore investors and diversify its funding sources.
The Japanese general trading and investment company's rating considers its strong business base, increased earnings generation ability and prudent financial policy, which balance its performance and operating cash flow that are sensitive to global economic shifts.
Marubeni's shares fell more than 3% in recent trade.
Price (JPY): $2192.00, Change: $-71, Percent Change: -3.14%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.