Fitch Withdraws ORIX Financial's Senior Debt Rating

Fitch Ratings-New York Fitch Ratings withdraws the 'BBB' senior debt rating for ORIX Financial Services, Inc. (OFS). OFS' remaining $1 million of rated debt matures on Nov. 24, 2003. It is expected that the company's future funding needs will be met through cash down streamed from its parent, ORIX Corp. in the future. Fitch will no longer provide analytical services for this issuer.

Contact: Philip S. Walker, Jr., CFA +1-212-908-0624, New York