...October 31, 2019 - We are assigning our 'A-' long-term and 'A-2' short-term issuer credit ratings to U.K.-based finance company, Hitachi Capital (UK) PLC (HCUK). - HCUK is a wholly owned subsidiary of Hitachi Capital Corp. (HC Corp; A-/Stable/A-2), representing more than 20% of HC Corp's operating assets and a higher proportion still of HC Corp's profit before tax. - We consider HCUK to be a core subsidiary of HC Corp and therefore equalize the ratings. - The stable outlook reflects the stable outlook on HC Corp. LONDON (S&P Global Ratings) Oct. 31, 2019--S&P Global Ratings today assigned its 'A-' long-term and 'A-2' short-term issuer credit ratings to U.K.-based finance company Hitachi Capital (UK) PLC. The outlook is stable. The ratings reflect our view that HCUK is a core subsidiary of HC Corp. HCUK has consistently contributed to group earnings and successfully developed the Hitachi brand and reputation in the U.K. Given that we assess HCUK as core to HC Corp, our rating on HCUK is...
