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Ratings on Hitachi Capital Guaranteed US$1.8 Billion Euro MTN Program Affirmed at 'A-/A-1' Nov 04 Product Image

Ratings on Hitachi Capital Guaranteed US$1.8 Billion Euro MTN Program Affirmed at 'A-/A-1' Nov 04

  • ID: 1802601
  • November 2004
  • Standard & Poors

FEATURED COMPANIES

  • Hitachi Capital Corp.
  • Hitachi Ltd.
  • MORE

Abstract
TOKYO (Standard & Poor's) Nov. 22, 2004Standard & Poor's Ratings Services today affirmed its 'A-' long-term and 'A-1' short-term ratings on the US$1.8 billion Euro medium-term note program of Hitachi Capital (U.K.) PLC and Hitachi Capital America Corp., guaranteed by Hitachi Capital Corp. (A-/Stable/A-1). The size of the program has increased to US$1.8 billion from US$1.4 billion. Hitachi Capital generates almost 90% of its operating profit from its finance business, mainly leasing to companies in Japan, and auto loans. The company has the biggest share of Japan's leasing market, and benefits from its affiliation with its parent company Hitachi Ltd. (A-/Stable/A-1) through a solid customer base mostly made up of companies and employees in the Hitachi Group. About 20% of...

Companies mentioned in this report are:
- Hitachi Capital Corp.
- Hitachi Ltd.
- Hitachi Capital (U.K.) PLC
- Hitachi Capital America Corp.

Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Note: Product cover images may vary from those shown

- Hitachi Capital Corp.
- Hitachi Ltd.
- Hitachi Capital (U.K.) PLC
- Hitachi Capital America Corp.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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