UPDATE 1-S&P says may raise Mitsubishi Motors bond rating


(Adds details) LONDON, May 21 (Reuters) - Mitsubishi Motors Corp.'s CCC+ unsecured bond ratings may be raised by one or two notches, Standard & Poor's said on Friday, but the company's long-term corporate credit rating was cut to CC from CCC-. S&P had said previously it might cut the CCC+ bond rating, but revised its opinion following the announcement of a $4 billion rescue plan. "The change in the CreditWatch status of the rating on MMC's senior unsecured bonds reflects the ...

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