We are rated by four major credit-rating agencies: Standard and Poor's (S&P)[non-registered rating agency], Moody's Japan, R&I and JCR. Our ratings from the four agencies are AA-, Aa2, AA+ and AAA, respectively.

For information on how these ratings are determined, please refer to each agency's Web site:

• Standard and Poor's (non-registered rating agency)　　Explanatary document on non-registered ratings
• Moody's Japan
• Rating and Investment Information, Inc.
• Japan Credit Rating Agency, Ltd.