Moody's rates Mitsui Fudosan notes A2

Moody's Investors Service said it assigned an A2 rating to Mitsui Fudosan Co., Ltd.'s $300 million senior unsecured notes due in 2029.

The outlook is stable.

The ratings reflect a view that the company generates solid cash flow given its strong competitive position in diversified real estate businesses and its high quality asset portfolio, Moody's said.

The ratings also consider the company's ability to generate cash flow, which is expected to strengthen further, the agency said.

The company is also expected to maintain its ability to secure financing and its balanced approach to financial management, Moody's said.

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