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Notice Concerning Changes in Rating Outlook by Japan Credit Rating Agency, Ltd. (JCR)

Jun 20, 2022

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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