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Standard & Poor’s Corp. said Friday it has assigned a corporate governance score of CGS-7.8 to financial services firm Orix Corp. According to S&P, companies that achieve scores in the CGS-7 and CGS-8 ranges have strong overall corporate governance processes and practices. The maximum possible score is CGS-10.

It is the first time the U.S. rating agency has assigned a score this high to a Japanese company. The agency said the ranking reflects Orix’s strong overall governance processes and practices.

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