Credit Ratings
Here presents the credit ratings of Okasan Securities Group Inc., and Okasan Securities Co., Ltd., as provided by Japan Credit Rating Agency, Ltd. (JCR).
Okasan Securities Group Inc.
| (as of January 24,2011) |
| Rating agency | Long-term credit rating | Outlook |
|---|---|---|
| JCR | BBB | Stable |
* The long-term credit rating is based on the rating of long-term preferred liabilities.

Okasan Securities Co., Ltd.
| (as of January 24,2011) |
| Rating agency | Long-term credit rating | Outlook |
|---|---|---|
| JCR | BBB | Stable |
* The long-term credit rating is based on the rating of long-term preferred liabilities.


* For details about credit ratings, visit the website of Japan Credit Rating Agency, Ltd. (JCR).









