TEXT-S&P reports on impact of Mitsubishi Group's bailout


(The following statement was released by the ratings agency) LONDON, May 21 - Standard & Poor's Ratings Services said today that the Mitsubishi group's agreement to extend financial support to troubled automaker Mitsubishi Motors Corp . (MMC; CC/Negative/--), in the form of a debt-for-equity swap and purchase of preferred stocks, would not affect its ratings on Bank of Tokyo-Mitsubishi Ltd. (BTM; BBB+/Watch Pos/A-2), Mitsubishi Corp . (A-/Stable/A-2), and Mitsubishi Heavy Industries ...

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