Moody’s has raised the outlook of its long-term debt ratings for Mitsubishi to ‘stable’ from ‘negative’, according to Kyodo News.

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The upgrading reflects the company’s growing profitability, thanks to an improved cost structure and improved marketing around the world.


The rating affects the Ba3 long-term debt ratings of Mitsubishi Motors, Mitsubishi Motors Credit of America and MMC International Finance (Netherlands).


Following the launch of a restructuring plan in 2005 Moody’s expcts the new Outlander SUV and a new minicar called ‘i’, to contribute to earnings in 2006.


The company’s market share rose to 5.2% in the first two months of the year, up from 4.6% in 2006.

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