TOKYO (Standard&Poor's) Jan. 31, 2005--Standard&Poor's Ratings Services said today that ORIX Corp.'s (BBB+/Stable/--) plan to inject capital into Daikyo Inc. (NR) would not affect its ratings on the company. According to today's announcement, ORIX plans to invest ¥63 billion in Daikyo in the form of common stock, preferred stock, and a loan facility. ORIX is expected to become the largest shareholder, controlling slightly over 40% of voting rights in Daikyo. The negative impact on ORIX from the capital injection should be minimal, given Daikyo's improving credit quality due to write-offs of unrealized losses through financial support from its main banks, as well as restructuring in order to focus its strategy on its core business. Furthermore, ORIX's
