Moody’s Japan K.K. has affirmed Mitsubishi Estate Co., Ltd.’s (MEC) A2 senior unsecured rating, (P)A2 domestic senior unsecured shelf registration rating, Baa1 subordinate rating, and P-1 short-term commercial paper rating. “Mitsubishi Estate’s A2 ratings reflect its leading position in the Japanese real estate industry, supported by prime leasing assets that generate stable cash flow,” says Akifumi Fukushi, a Moody’s Vice President and Senior Analyst. Moody’s expects that MEC’s earnings will remain stable over the next few years based on solid demand in the company’s core office buildings segment.
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