Moody’s affirms Hitachi Capital

Moody's Investors Service said it affirmed the commercial paper ratings of Prime-2 of Hitachi Capital Corp. and Hitachi Capital America Corp.

At the same time, the agency removed the stable outlook at the issuer level as short-term ratings do not carry outlooks.

Moody’s said the affirmation reflects Hitachi Capital's stable and improving operating performance, its strong domestic franchise in the leasing industry, extensive product lineup and diversified customer base, its solid asset quality and the strong probability of support from its main shareholder, Hitachi, Ltd. (A3 stable), and to some degree, Mitsubishi UFJ Financial Group, Inc. (A1 stable) in case of stress.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.