S&P rates Sumitomo Mitsui Finance A-

S&P said it assigned its A- long-term issuer credit rating to Sumitomo Mitsui Finance and Leasing Co. Ltd.

The outlook is stable.

The stand-alone credit profile is bbb.

The agency said the rating reflects that the company has close financial and operational ties with Sumitomo Mitsui Financial Group Inc., it is a leader in the domestic leasing industry in terms of business scale, and its revenue sources are diversified in terms of both business fields and geographic regions.

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