Fitch assigns ORIX green bonds A-

Fitch Ratings said it assigned ORIX Corp.'s €300 million of four-year fixed-rate senior unsecured notes an A- rating.

The rating is aligned with ORIX’s long-term issuer default rating because the notes will be the company's unsubordinated and unsecured obligations and rank equally with all other unsubordinated and unsecured obligations, Fitch said.

The company will use the proceeds for financing eligible green projects that meet its sustainability criteria, to finance its past expenditures relating to the acquisition of Elawan Energy SL.

The outlook is stable.

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