TEXT-S&P reports on Mitsubishi Group's ratings

Newswire

(The following statement was released by the ratings agency) LONDON, April 26 - Standard & Poor's Ratings Services said today that the current exposure to Mitsubishi Motors Corp .(MMC; CCC-/Watch Neg/--) of Bank of Tokyo-Mitsubishi Ltd. (BTM; BBB+/Watch Pos/A-2), Mitsubishi Corp . (A-/Stable/A-2), and Mitsubishi Heavy Industries Ltd . (BBB/Stable/--) is within the tolerance of the ratings on the companies. However, if the three group entities extend excessive support to securities ...

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