Tokyo Century Corporation (the "Company") announces that Japan Credit Rating Agency, Ltd. (JCR) revised the outlook of the long-term issuer ratings to Positive from Stable for the Company, its consolidated subsidiaries Nippon Car Solutions Co., Ltd. and FLCS Co., Ltd. Furthermore, IHI Finance Support Corporation, a consolidated subsidiary of the Company, received a new long-term issuer rating of A+ and a rating outlook of Positive as described below.
(JCR website: https://www.jcr.co.jp/en/)
1. Changes in rating outlook from Stable to Positive
(1) Tokyo Century Corporation
Subject of Rating | Rating | Outlook |
Long-Term Issuer Rating | AA- | From Stable to Positive |
(2) Nippon Car Solutions Co., Ltd.
Subject of Rating | Rating | Outlook |
Long-Term Issuer Rating | AA- | From Stable to Positive |
(3) FLCS Co., Ltd.
Subject of Rating | Rating | Outlook |
Long-Term Issuer Rating | AA- | From Stable to Positive |
2. Acquisition of new rating
IHI Finance Support Corporation
Subject of Rating | Rating | Outlook |
Long-Term Issuer Rating | A+ | Positive |
3. Credit rating agency
Japan Credit Rating Agency, Ltd. (JCR)
4. Announced date
June 20, 2022
(Reference) Tokyo Century's rating information: https://www.tokyocentury.co.jp/en/ir/br.html
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Tokyo Century Corporation published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 00:23:01 UTC.