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S&P rates ORIX notes A-
Standard & Poor's said it assigned an A- rating to ORIX Corp.'s (A-/negative) $400 million 5% unsecured straight bonds due Jan. 12, 2016.
In the wake of the financial crisis, the company is reducing real estate-related assets, while striving to increase profits from service-related businesses, according to the agency.
The company also needs to maintain an adequate level of capitalization relative to its risks and stabilize its earnings, S&P said.
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