No associated knowledge.
2023 Moodys Company, Moodys Traders Service, Inc., Moodys Analytics, Inc. and/or their licensors and associates (collectively, MOODYS). All rights reserved.
CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATS AFFILIATES ARE THEIR CURRENT VIEWS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, COMMITMENTS OF CREDIT OR DEBT SECURITIES OR THE LIKE AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODYS (collectively, PUBLICATIONS) THEY MAY INCLUDE SUCH CURRENT VIEWS. MOODYS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY WILL NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS WHEN MATURING AND POSSIBLE ESTIMATED FINANCIAL LOSSES IN THE EVENT OF NON-PERFORMANCE OR DETERIORATION. CONSULT PUBLICATION OF APPLICABLE MOODYS RATING SYMBOLS AND DEFINITIONS FOR INFORMATION ON THE TYPES OF FINANCIAL CONTRACTUAL OBLIGATIONS COVERED BY MOODYS CREDIT RATING. THE CREDIT RATINGS DO NOT INVOLVE ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (ASSESSMENTS) AND OTHER OPINIONS INCLUDED IN MOODYS PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACTS. MOODYS PUBLICATIONS MAY ALSO INCLUDE MODEL-BASED QUANTITATIVE CREDIT RISK ESTIMATES AND RELATED OPINIONS OR COMMENTS PUBLISHED BY MOODYS ANALYTICS, INC. AND/OR ITS AFFILIATES. MOODYS’ CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE AND MOODYS’ CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT AND DO NOT PROVIDE PURCHASE RECOMMENDATIONS, THE SALE OR HOLDING OF PARTICULAR SECURITIES. MOODYS’ CREDIT RATINGS, EVALUATIONS, OTHER OPINIONS AND PUBLICATIONS DO NOT COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR A PARTICULAR INVESTOR. MOODYS ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE HIS OWN STUDY AND EVALUATION OF EACH SECURITY CONSIDERED FOR THE ‘PURCHASE, HOLDING OR SALE.
MOODYS’ CREDIT RATINGS, EVALUATIONS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE IMPLEMENTED AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE THE CREDIT RATINGS, EVALUATIONS, OTHER OPINIONS OR MOODYS PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT CONTACT YOUR FINANCIAL ADVISOR OR OTHER PROFESSIONAL.
ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING, BUT NOT LIMITED TO, COPYRIGHT LAWS, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISCLOSED, REDISTRIBUTED OR RESOLD, OR KEPT FOR FUTURE USE FOR ANY SUCH PURPOSE, IN WHOLE OR PART, IN ANY FORM OR MANNER OR BY ANY MEANS, BY ANY PERSON WITHOUT THE PRIOR WRITTEN CONSENT OF MOODYS.
MOODYS’ CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THIS TERM IS DEFINED FOR REGULATORY PURPOSES AND SHOULD NOT BE USED IN ANY WAY THAT WOULD CONSIDER THEM A BENCHMARK.
All info contained herein is obtained by MOODYS from sources believed to be correct and dependable. Nevertheless, because of the potential of human or mechanical error in addition to different elements, all info contained herein is offered AS IS with out guarantee of any type. MOODY’S takes all steps mandatory to make sure that the data it makes use of to assign a credit standing is of enough high quality and comes from sources that MOODY’S considers dependable, together with, the place applicable, impartial third-party sources. Nevertheless, MOODYS will not be an auditor and can’t in any case independently confirm or validate the data acquired within the credit score evaluation course of or within the preparation of its publications.
To the extent permitted by regulation, MOODYS and its administrators, officers, workers, brokers, representatives, licensors and suppliers disclaim all legal responsibility to any individual or entity for any oblique, particular, consequential or incidental loss or injury arising out of or in reference to the data contained herein or the use or incapacity to make use of such info, even when MOODYS or any of its administrators, officers, workers, brokers, representatives, licensors or suppliers are suggested prematurely of the potential of such loss or injury , together with however not restricted to: (a) any lack of present or potential income or (b) any loss or injury arising from the truth that the monetary instrument in query doesn’t have a specific credit standing assigned by MOODYS.
To the extent permitted by regulation, MOODYS and its administrators, officers, workers, brokers, representatives, licensors and suppliers disclaim all legal responsibility for any direct or compensatory loss or injury triggered to any individual or entity, together with however not restricted to any negligence (however excluding fraud, fraud or some other sort of legal responsibility which, for the avoidance of doubt, can’t be excluded by regulation) on the a part of, or any contingency inside or past the management of MOODYS or any of its administrators, officers, workers, brokers, representatives, licensors or suppliers, arising out of or in reference to the data contained herein or the use or incapacity to make use of such info.
NO WARRANTIES, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATINGS, EVALUATION, OTHER OPINION OR INFORMATION IS GIVEN OR GIVEN BY MOODYS IN ANY FORM OR MANNER.
Moodys Traders Service, Inc., an entirely owned credit standing company of Moodys Company (MCO), discloses that almost all issuers of debt securities (together with company and municipal bonds, debentures, notes and business papers) and most well-liked inventory rated by Moodys Traders Service, Inc., previous to the project of any credit score rankings, has agreed to pay Moodys Traders Service, Inc. for credit standing opinions and providers rendered in charges starting from $1,000 at about $5,000,000. The MCO and Moodys Traders Service additionally keep insurance policies and procedures to make sure the independence of Moodys Traders Service’s credit score rankings and credit standing processes. Data concerning sure affiliations that will exist between MCO administrators and rated entities, and between entities that maintain credit score rankings of Moodys Traders Service, Inc. and which have additionally publicly disclosed to the SEC an possession curiosity in MCO larger than 5%, are printed yearly on www.moodys.com underneath the heading Company Governance Constitution Paperwork for Investor Relations – Director and Shareholder Affiliation Coverage.
Extra phrases for Australia solely: Any publication of this doc in Australia is in accordance with the Australian Monetary Companies License of MOODYS affiliate, Moodys Traders Service Pty Restricted ABN 61 003 399 657AFSL 336969 and/or Moodys Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (if relevant). This doc is meant for wholesale prospects solely throughout the that means of part 761G of the Companies Act 2001. By persevering with to entry this doc from Australia, you might be representing to MOODYS that you’re, or have entry to this doc as a consultant of, a wholesale buyer and that neither you nor the entity you signify will instantly or not directly disclose this doc or its contents to retail purchasers underneath part 761G of the Companies Act 2001. MOODYS’ credit standing is an opinion on the creditworthiness of a debt obligation of the issuer, not on the issuer’s shares or on any type of collateral accessible to retail traders.
Japan Solely Extra Phrases: Moody’s Japan KK (MJKK) is an entirely owned credit standing company of Moody’s Group Japan GK, which is wholly owned by Moodys Abroad Holdings Inc., an entirely owned subsidiary of MCO. Moodys SF Japan KK (MSFJ) is an entirely owned credit standing company of MJKK. MSFJ will not be a nationally acknowledged statistical analysis group (NRSRO). Due to this fact, credit score rankings assigned by MSFJ are non-NRSRO credit score rankings. Non-NRSRO credit score rankings are assigned by an entity that’s not an NRSRO and, in consequence, the rated obligation is not going to qualify for sure forms of remedy underneath US regulation. MJKK and MSFJ are credit standing companies registered with the Japan Monetary Companies Company and their registration numbers are FSA Commissioner (Score) No. 2 and three respectively.
MJKK or MSFJ (as applicable) declares that almost all issuers of debt securities (together with company and municipal bonds, debentures, payments and business papers) and most well-liked inventory rated by MJKK or MSFJ (as applicable) have, previous to the project of any credit standing, agreed to pay MJKK or MSFJ (as relevant) for credit standing opinions and providers rendered by it in charges starting from JPY 100,000 to roughly JPY 550,000,000.
MJKK and MSFJ additionally keep insurance policies and procedures to satisfy Japanese regulatory necessities.
