Fitch assigns ORIX notes A-

Fitch Ratings said it assigned ORIX Corp.'s $500 million of fixed-rate senior unsecured notes a rating of A-.

“The note rating is aligned with the long-term issuer default rating (IDR) of ORIX because the notes constitute the company's direct, unsecured and unsubordinated general obligations and rank pari passu with all its other unsecured and unsubordinated debt,” the agency said in a press release.

The proceeds will be used for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.