Moody’s revises Orient to stable

Moody's Japan K.K. said it changed the outlook on the rating of Orient Corp. to stable from negative.

Orient's Baa3 long-term issuer rating (domestic currency) was affirmed.

Moody’s said the outlook change reflects its view that Orient's intrinsic financial strength – which is backed by its close linkage to Mizuho Bank (A1/baa1/stable) – will not materially weaken, despite elevated level of refund payments for overpaid interest.

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