NISSIN FOODS GROUP

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2024.09.24

Notice Concerning Acquisition of Credit Rating

NISSIN FOODS HOLDINGS CO., LTD. (President and Representative Director, CEO: Koki Ando, hereinafter "the Company") announced that the Company has newly acquired credit ratings as of Tuesday, September 24, 2024 from Rating and Investment Information, Inc. (hereinafter "R&I") and Japan Credit Rating Agency, Ltd. (hereinafter "JCR").

Description of acquired credit ratings

Rating agency Rating target Rating Rating outlook
R&I Issuer rating AA- Stable
JCR Issuer rating AA Stable
For details regarding the definition of the above ratings, rationale, etc., please refer to the websites of R&I and JCR.
R&I  https://www.r-i.co.jp/index.html
JCR https://www.jcr.co.jp/

Date of announcement of credit rating

September 24, 2024

Purpose of acquiring credit rating

The NISSIN FOODS Group intends to diversify and stabilize future financing, by obtaining an objective evaluation of its business and financial condition from a third party institution.
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