TRIS upgrades Tisco Tokyo Leasing debentures to ‘AAA’
Play
TRIS Rating has upgraded the ratings of Tisco Tokyo Leasing’s (TTL) guaranteed debentures to “AAA” from “AA+”.
The debentures are fully guaranteed by TTL’s parent company in Japan, Tokyo Century Corp.
The ratings of the guaranteed debentures issued by TTL are based on the credit quality of the guarantor and the unconditional and irrevocable guarantee of the debentures, TRIS said on Monday.
The rating upgrade reflects Tokyo Century’s consistent improvements in profitability and leverage.
Tokyo Century is rated “A+/Positive” by Japan Credit Rating Agency, and “A/Stable” by Rating and Investment Information.
