LONDON -- Standard&Poor's CreditWire 7/24/97 -- Standard&Poor's today has affirmed its triple-'B' long-term counterparty credit rating of Orix Corporation and its affiliates (see list below). The rating outlook is stable. At the same time, the rating has been removed from CreditWatch, where it was placed June 11, 1997. Standard&Poor's believes Orix's acquisition of Y289 billion operating assets from Crown Lease, a major Japanese leasing company that recently filed for bankruptcy, will not have a significant negative impact on the company's overall credit quality. Primarily this is attributable to the quality of the assets purchased, the due diligence performed by Orix, and the pricing of the transaction. Nevertheless, Standard&Poor's will continually monitor the
