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S&P rates ORIX bonds A-
Standard & Poor's said it assigned an A- debt rating to the unsecured straight bonds issued by ORIX Corp.
The $500 million bonds due March 9, 2017 have a coupon of 3.75%.
The company holds a strong business base in Japan, as well as a high level of expertise in providing financial products and services, S&P said.
The quality of its customer base in its domestic leasing business is relatively high, consisting mainly of small and midsize enterprises, the agency said.
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