Orix's (TYO:8591) planned sale of its entire stake in Greenko Energy Holdings for $1.46 billion will provide a temporary capital buffer for the company, S&P Global Ratings said in a Tuesday release.
The transaction, which includes convertible notes worth $731 million for energy production business AM Green, will improve the Japan-based diversified finance company's risk-adjusted capital (RAC) ratio by more than 0.6 percentage points, the rating agency said.
The company may use the additional capital for future business growth, according to S&P.
However, S&P said the improvement may be temporary, with the RAC ratio being steady at 9.5% to 10% in the next two years, especially given the company's investment history in riskier growth areas.
Price (JPY): $3310.00, Change: $+28, Percent Change: +0.85%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。