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Additional terms for Japan only: Moody’s Japan KK (“MJKK”) is a wholly-owned credit rating agency subsidiary of Moody’s Group Japan GK and wholly owned by Moody’s Overseas Holdings Inc., a subsidiary of MCO. Moody’s SF Japan KK (“MSFJ”) is a wholly owned credit rating agency subsidiary of MJKK. MSFJ is not a Nationally Recognized Statistical Rating Organization (“NRSRO”). Therefore, credit ratings assigned by MSFJ are non-NRSRO credit ratings. Non-NRSRO Credit Ratings are assigned by a non-NRSRO entity and, as a result, the rated obligation will not qualify for certain types of treatment under US law. MJKK and MSFJ are credit rating agencies registered with the Financial Services Agency of Japan and their registration numbers are FSA Commissioner (Ratings) No. 2 and No. 3, respectively.
MJKK or MSFJ (as the case may be) hereby declares that any loan of most issuers of debt securities (including corporate and municipal bonds, bonds, notes and commercial paper) and preferred stock (as applicable) rated by MJKK or MSFJ agreed to pay MJKK or MSFJ fees ranging from JPY 100,000 to approximately JPY 550,000,000 for credit rating opinions and services rendered by it before the rating was issued.
MJKK and MSFJ also maintain policies and procedures to meet Japanese regulatory requirements.