Rating Institution: Japan Credit Rating Agency,Ltd.
Meaning of rating :
“A” : There is a high probability of meeting debt obligations.※
“J-1” : The probability of meeting short-term debt obligations is the highest.
“Stable” “Positive” : A Rating Outlook is JCR's opinion regarding the likely direction of an issuer rating or an ability to pay insurance claims rating in one or two years after determination of the rating. A Rating Outlook falls into the following five categories: Positive, Stable, Negative, Developing, or Multiple.
Positive means that a rating may be raised, while Negative means it may be lowered. Stable means that a rating is not likely to change in the foreseeable future.
*Ratings from AA to B are accorded with a plus (+) or minus (-) sign to further distinguish relative positions within the same rating.
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Japan Credit Rating Agency,Ltd.