TEXT-S&P : Sumitomo Electric assigned 'A-1' short-term rating

Newswire

(The following statement was released by the rating agency) Sept 28 - Standard & Poor's Ratings Services today assigned an 'A-1' short-term corporate credit rating to leading Japan-based wire and cable manufacturer Sumitomo Electric Industries Ltd. (A/Stable/A-1). At the same time, we affirmed our 'A' long-term corporate credit and debt ratings on the company. The outlook on the long-term corporate credit rating remains stable. We base our assignment of a ...

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