Profitable business presence within Japan's financial sector, despite harsh competition Strong record of maintaining a stable financial profile and strengthening risk management in response to external changes Increasing diversification of portfolio and expansion of revenue sources Susceptibility to market volatility of business segments including real estate and investment and operations Increasing foreign currency funding, which we consider more sensitive to market deterioration than the local currency Potential increases in geographic and organizational complexities alongside business expansion S&P Global Ratings' negative outlook on the long-term issuer credit rating on Japan-based finance company Orix Corp. reflects its view of an at least one-in-three probability of the company's asset quality or profitability deteriorating due to the coronavirus pandemic's adverse impact on its business
