...+ We are removing a one-notch downward adjustment to the anchor for ORIX, given its favorable funding and liquidity ratios and strong relationships with financial institutions; we had previously applied the entity-specific anchor adjustment to ORIX, in comparison with typical Japan-based finance companies. + However, we are maintaining the anchor for ORIX at '###-' because we see that the company's business portfolio faces higher economic risk as it expands its overseas operations. + We are revising to stable from negative the outlook on our long-term issuer credit rating on ORIX and affirming the rating. + The stable outlook reflects our view that ORIX's highly profitable business franchise will underpin stable credit quality. TOKYO (S&P Global Ratings) Jan. 25, 2018--S&P Global Ratings today said it has revised to stable from negative the outlook on its long-term issuer credit rating on Japan-based general finance company ORIX Corp. At the same time, we have affirmed our issuer credit...
