 |
 |
 |
We established the following policies for fund raising and is promoting a financial measure that achieve a balance between liabilities and capital. To further increase the stability, soundness and flexibility of fund raising, an issuer rating of investment corporation bonds was obtained from Standard & Poor's (S&P) and Rating and Investment Information, Inc. (R&I), and efforts were made to diversify sources of funds.
Basic policies
Loans
- A ratio of fixed interest rate loans of 70% or more will be maintained in preparation for a rise in interest rates (including the fixed portion of interest rates through interest rate swaps).
- To avoid a concentration of repayment dates, the repayment dates of debts will be dispersed.
- Financial institutions for fund-raising will be diversified to improve security.
- Funds will be raised at low cost by paying close attention to trends in the financial markets, including the investment corporation bond market.
- A commitment line will be established to make it possible to acquire properties flexibly.
- A policy of raising more funds through unsecured borrowing will be followed to increase flexibility.
Capital market
- With respect to the issue of additional units for external growth, we will pay full attention to avoiding the risk of dilution of distribution and disclose reasonable equity stories to the market.
Acquisition of ratings from credit rating agencies
| Standard & Poor's (S&P) | A- (long-term credit rating) A-2 (short-term credit rating) |
|---|---|
| Rating and Investment Information (R&I) | A+ |
