Fitch affirms ORIX

Fitch Ratings said it affirmed ORIX Corp.'s long-term foreign-currency issuer default rating at A-.

The outlook is stable.

The agency also affirmed the company's short-term foreign-currency issuer default rating at F2.

ORIX's senior unsecured debt was affirmed at A-.

Fitch said the long-term issuer default rating reflects the company’s established company profile, modest leverage, sound liquidity position and the stability of recent performance.

The agency said that, in its view, ORIX is well-positioned to continue maintaining good financial fundamentals as a result of its business diversity and reduced reliance on interest income from financing activities in Japan's low interest rate environment.

© 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.