December 13, 2006
TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced that Rating and Investment Inforamtion, Inc. (R&I) raised its Issuer Rating on MOL by one notch from "A" to "A+", effective on December 13.The long-term debt ratings of the Company's series 6, 7 and 9 in-substance defeased bonds have been maintained at "A+".
Commercial Paper rating has been maintained at "a-1".
R&I cited three main reasons for the upgrade.