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Tokyo Century Corporation's ratings assigned by Japan Credit Rating Agency, Ltd. and Rating and Investment Information, Inc.

As of September 9, 2019

Credit Rating Agency Japan Credit Rating Agency, Ltd. (JCR) Rating and Investment Information, Inc.(R&I)
Long-term (Long-term Issuer)
Rating: AA-
Outlook: Stable
(Issuer Rating)
Rating: (A), Rating Monitor With View to Downgrading
(Preliminary Rating for Bonds Registered for Issuance)
Rating: AA-
Expected Issue Amount: ¥200 billion
Issue Period:
Two Years Beginning February 14, 2018
(Preliminary Rating for Bonds Registered for Issuance)
Rating: (A), Rating Monitor With View to Downgrading
Expected Issue Amount: ¥200 billion
Issue Period:
Two Years Beginning February 14, 2018
(Euro Medium-Term Note Program)
Rating: AA-
Maximum Outstanding Amount: Equivalent of US$2 billion
(Euro Medium-Term Note Program)
Rating: (A), Rating Monitor With View to Downgrading
Maximum Outstanding Amount: Equivalent of US$2 billion
Short-term (Commercial Paper)
Rating: J-1+
Maximum Outstanding Amount: ¥800 billion
(Commercial Paper)
Rating: a-1
Maximum Outstanding Amount: ¥800 billion

Note: Each bond will be rated by each rating agency upon issuance.

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