R&I Affirms AA-: Hosei University

March 2, 2015

Hosei University’s issuer rating by Rating and Investment Information, Inc. (R&I) has been renewed as follows:

Rating: AA- (Affirmed)
Rating Outlook: Stable
Affirmed: February 4, 2015

In February 2003, Hosei University became the first Japanese school corporation to be rated by R&I. This year marks the 12th anniversary of the rating renewal.