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Main lenders to return Toshiba and Sharp ratings to 'normal'

Sumitomo Mitsui and MUFG Bank satisfied credit risks now at viably low levels

Upgrading credit ratings for Sharp and Toshiba will release lenders' loan-loss reserves, which they will now be able to book as profits.

TOKYO -- The largest lenders to Toshiba and Sharp are set to raise their borrower ratings back to "normal," having established that the credit risks are now at viably low levels after the two companies stabilized their operations and finances.

Sumitomo Mitsui Banking will soon upgrade Toshiba's rating to "normal," the highest level, while Sumitomo Mitsui Trust Bank is considering raising its rating for the company. Similar measures are also being considered at Mizuho Bank.

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