July 25, 2008

Moody assigns A2 rating to JFE Holdings

Moody's Investors Service said that it has assigned an A2 rating to Japan's JFE Holdings Inc's series 10 domestic senior unsecured bonds of JPY 40 billion due 2011 reflecting the company's stabilized earnings, improving capital structure and enhanced technological resources. The outlook is stable.

Moody's said that the rating also takes into account potential medium term volatility and uncertainties in the global steel industry.