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S&P: ORIX unaffected
Standard & Poor's said there would be no rating impact on ORIX Corp. (A-/stable) from its acquisition of Houlihan Lokey Howard & Zukin, a U.S. investment bank.
Costs and business risks associated with the purchase are expected to be within the tolerance of the current ratings on ORIX.
In addition, the company can expect some synergy effects in its lending to small and midsize enterprises in the United States by combining its own loan business and that of Houlihan Lokey, the agency said.
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