April 23, 2024

IINO Kaiun Kaisha, Ltd.

Notice Concerning Change (Upgrade) of Credit Rating by R&I

IINO Kaiun Kaisha, Ltd. (IINO Lines) hereby announces that the Rating and Investment Information, Inc. (R&I) has upgraded the Company's credit rating from "BBB(Positive)" to "BBB+(Stable)" as follows.

Please refer to the news release published by R&I for details of the reasons for the rating. (R&I's website https://www.r-i.co.jp/en/index.html)

1. Rating Change

Rating (before change)

Rating (after change)

Issuer Rating

BBB

BBB+

Rating Outlook

Positive

Stable

2. Rating Agency

Rating and Investment Information, Inc. (R&I)

3. Rating Announcement Date

April 23, 2024

Contact:

Finance & Accounting Department

Phone: +81-3-6273-3175

Inquiry Form:https://www.iino.co.jp/kaiun/english/contact/form.php

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Disclaimer

Iino Kaiun Kaisha Ltd. published this content on 23 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2024 06:33:04 UTC.