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What's News
“K” Line Issuer Rating Upgrades from A- to A
May 30, 2008 - Tokyo, Japan - Kawasaki Kisen Kaisha, Ltd. (“K” Line)
announces that the Rating and Investment Information, Inc. (R&I) has upgraded the
Issuer Rating of the company from “A-” to “A”, effective from
May 30, 2008. The rating on the Domestic Commercial Paper Programme remains unchanged.
| Issuer Rating |
: (Upgraded from A- ) |
| Rating Outlook |
: Stable |
| Commercial Paper Rating |
: (Affirmed) |
R&I cited the following major reasons for the upgrade:
- “K” Line, especially in bulk carrier segment, is poised to maintain a stabilized profit by signing long-term contracts with various customers.
- Equity capital will be steadily enhanced based on high profit.
For further details, please contact:
Kawasaki Kisen Kaisha, Ltd. Tokyo,
Keisuke Yoshida, Executive Officer, General Manager, Finance Group
Tel: 81-3-3595-5015
Fax: 81-3-3595-5174
Shinji Miyake, Manager, Finance Team
Tel: 81-3-3595-5609
Fax: 81-3-3595-5174
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