...September 21, 2023 - Orix's RAC ratio is likely to recover to above 10% even considering its planned investment in Toshiba, given moderation of a rise in its risk assets and accumulation of capital using profits. - We affirmed our 'A-' long-term ratings on Orix and removed them from CreditWatch. - The outlook is negative, reflecting more than a one-in-three chance that a recovery in Orix's RAC ratio could be delayed due to slow progress in replacement of its asset portfolio. TOKYO (S&P Global Ratings) Sept. 21, 2023--S&P Global Ratings today said it has affirmed its 'A-' long-term issuer credit and senior unsecured ratings on Orix Corp. and removed the ratings from CreditWatch. The outlook on the long-term issuer credit rating is negative. We placed the ratings on CreditWatch with negative implications on May 15, 2023, based on an increased likelihood of the Japan-based diversified finance company's risk adjusted capital (RAC) ratio staying below 10% due to its plan to invest funds in Toshiba...
