ORIX Corp. announced today that it will acquire all of the shares in Hartford Life Insurance K.K. through its consolidated subsidiary ORIX Life Insurance Corp. We believe that, despite the effects that the planned acquisition will have on ORIX, its financial risk profile will remain at levels commensurate with the current rating. We are affirming our 'A-' long-term ratings on ORIX. The outlook is stable. TOKYO (Standard&Poor's) April 28, 2014--Standard&Poor's Ratings Services today affirmed its 'A-' long-term counterparty credit rating on ORIX Corp. following the company's announcement that it will acquire all of the shares in Hartford Life Insurance K.K. (Hartford Life), a subsidiary of a U.S. insurance group, through consolidated subsidiary ORIX Life Insurance Corp.
