Moody's cuts ORIX view to negative

Moody's Investors Service said it has revised the outlooks for senior unsecured debt rating, senior unsecured medium-term note rating and long-term issuer rating of ORIX Corp. to negative from stable. All of its long-term ratings were affirmed at A3.

The outlook change reflects growing concerns that the deterioration in the domestic and overseas operating environments may pressure profitability, the agency said.

The worsening in the company's operating environments, which includes rising credit costs, has been especially prominent in its real estate-related business and investment banking business, Moody's said.

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