|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||3.9500 - 3.9500|
|52 Week Range||3.9500 - 3.9500|
|Beta (5Y Monthly)||0.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Rating Action: Moody's withdraws Hitachi Capital Corporation's rating following corporate reorganizationGlobal Credit Research - 01 Apr 2021Tokyo, April 01, 2021 -- Moody's Japan K.K. has withdrawn the Prime-2 commercial paper rating of Hitachi Capital Corporation because of a corporate reorganization.The following rating has been withdrawn:Hitachi Capital Corporation- Commercial paper rating (domestic currency): Prime-2RATINGS RATIONALEMoody's has decided to withdraw the rating because of a corporate reorganization at Hitachi Capital Corporation. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.The rating withdrawal follows the establishment of Mitsubishi HC Capital Inc. on 1 April 2021, after the merger of Hitachi Capital Corporation and Mitsubishi UFJ Lease & Finance Co., Ltd. (MUL).
Moody's Japan K.K. has today affirmed the A3 issuer and senior unsecured debt ratings of Mitsubishi UFJ Lease & Finance Co., Ltd. (MUL). Moody's has also affirmed MUL Asset Finance Corporation's (MAF) (P)A3 backed senior unsecured MTN rating. This ratings affirmation follows MUL's announcement that it has agreed to merge with Hitachi Capital Corporation (Prime-2) effective 1 April 2021.
This ratings affirmation follows Hitachi Capital's announcement that it has agreed to merge with Mitsubishi UFJ Lease & Finance Co., Ltd. (MUL, A3 stable) effective 1 April 2021. The affirmation of Hitachi Capital's ratings reflects Moody's view that the merger with MUL will not materially alter the company's financial profile.