Credit Ratings

As of April 1, 2021

Rating Agency Type of Rating Type of Debt Rating Announced

Japan Credit Rating Agency, Ltd. (JCR)

JCR
Long-term Issuer Rating
(outlook)
A-
(Stable)
February 13, 2019
Long-term debt Rating Bonds
No.23, No.25, No.31, No.32, No.35, No.37, No.38, No.39, No.40, No.41, No.42
A- August 23,
2019

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

R&I
Issuer Rating
(outlook)
BBB+
(Stable)
March 19, 2021
Long-term debt Rating Bonds No.23, No.25 BBB+ December 21, 2016
Short-term debt Rating Commercial Paper a-2 December 21, 2016

Moody's

Moody's
Issuer Rating
(outlook)
Ba2
(Stable)
July 21, 2020