TOKYO (Standard&Poor's) Nov. 22, 2006--Standard&Poor's Ratings Services today affirmed its 'A-' long-term foreign currency debt rating on ORIX Corp.'s (A-/Stable/--) $1 billion senior notes due Nov. 22, 2011. The coupon rate is 5.48%. The rating on the bonds was assigned on Nov. 10, 2006, and the terms and conditions of the notes were confirmed today. The rating on ORIX reflects the company's diversified business franchise and solid customer base, consisting mainly of small and midsize enterprises, in the domestic leasing business. In addition, ORIX has been strengthening its capitalization through steady profit accumulation, and the company's profitability is high compared with Japan's leasing companies. In the medium term, intensifying competition in the lease and loan segments
