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Moody's affirms Mitsui Fudosan ratings

Moody's Japan K.K. affirmed Mitsui Fudosan Co. Ltd.'s A2 issuer rating and A2 senior unsecured rating, with a stable outlook.

The rating agency said Sept. 6 that it also affirmed the Japan-based property company's (P)A2 domestic senior unsecured shelf registration.

Moody's noted that Mitsui Fudosan's ratings and stable outlook reflect its expectation that the company will continue to generate solid cash flow from its diversified real estate businesses and high-quality asset portfolio, while maintaining a strong access to external financing and a balanced approach to financial management.