...April 4, 2024 - We believe Orix is unlikely anytime soon to improve its balance between risk assets and capital and maintain its risk-adjusted capital (RAC) ratio stably above 10%. - We lowered to '###+' from 'A¡' our long-term issuer credit rating on Orix. - The stable outlook reflects our view that Orix will maintain its high profitability without significant deterioration in its risk profile. TOKYO (S&P Global Ratings) April 4, 2024--S&P Global Ratings today said it has lowered to '###+' from 'A-' its long-term issuer credit rating and senior unsecured issue ratings on Orix Corp. The outlook on the long-term issuer ratings is stable. Our downgrade of the Japan-based diversified finance company reflects our view that the balance between risk assets and capital will not recover soon. We think it unlikely that the company will be able to maintain its risk-adjusted capital (RAC) ratio stably above 10% for some time. We estimate the RAC ratio improved modestly in fiscal 2023 (ended March...
