Article: JCR maintains A rating on Hanshin Electric Railway's debt.

Article from:
ADP Debt News
Article date:
August 24, 2009
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(ADPnews) - Aug 24, 2009 - JCR confirmed today its A rating with a "stable" outlook on the senior debts and outstanding bonds of Japanese company Hanshin Electric Railway Co Ltd.

The JPY 15 billion (USD 158.2m/EUR 110.4m) 3.525% bonds No 12 are due 2012, while the JPY 10 billion 2.220% bonds No 14 mature in 2014.

The firm is engaged in the railroad business, as well as in the real estate leasing segment.

Hanshin Electric Railway is a wholly-owned subsidiary of Hankyu Hanshin Holdings Inc (TYO:9042).

Hankyu Hanshin raises funds and provides them to the company through Hankyu Hanshin Financial Support Co Ltd, a finance company of the ...

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