07.12.2015 06:16:00

JX Holdings, Inc. -- Moody's affirms JX Holdings' Baa2 rating on announcement of merger plan with TonenGeneral; outlook stable

Tokyo, December 07, 2015 -- Moody's Japan K.K. has affirmed the Baa2 issuer rating of JX Holdings, Inc. following its execution on 3 December of a Memorandum of Understanding (MOU) on a full business integration/merger with TonenGeneral Sekiyu K.K (unrated). The rating outlook is stable.

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