| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers O > Headlines for ORIX Corp. > News item |
S&P downgrades ORIX
S&P said it downgraded its ratings on ORIX Corp. and its senior unsecured debt to BBB+ from A-.
“Our downgrade of the Japan-based diversified finance company reflects our view that the balance between risk assets and capital will not recover soon. We think it unlikely that the company will be able to maintain its risk-adjusted capital (RAC) ratio stably above 10% for some time,” S&P said in a press release.
The agency said it forecasts RAC ratio improved modestly in fiscal 2023 (ended March 31, 2024), but is still under 10%. The RAC ratio as of Sept. 30, 2023, was 9.1%, down from 9.8% as of March 31, 2023.
The outlook is stable.
© 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.