Assigns Prelim 'AAA' to Oracle Beta'sY35 Bil Nts.

Business Editors

TOKYO--(BUSINESS WIRE)--Standard &Poor's CreditWire

Feb. 3, 2000--Standard &Poor's today assigned its preliminary 'AAA' ratings to Oracle Beta Special Purpose Co. Series 1 Y35 billion notes. The ratings on the Series 1 notes address the full and timely

payment of interest and the full repayment of principal by the legal maturity date in 2005. The terms of each class of notes are expected to be as follows: --Class A Y4.5 billion --Class B Y5.5 billion --Class C Y4.3 billion --Class D Y5.2 billion --Class E Y4.2 billion --Class F Y1.3 billion --Class G Y10.0 billion

The Y35 billion Series 1 notes are backed by the senior beneficial interest of a trust created with IBJ Trust &Banking Co. Ltd. from a pool of auto-loan receivables originated by Orient Corporation (Orico). An aggregate amount of approximately Y41.7 billion of auto-loan receivables are entrusted by Orico to the trust.

The ratings on the notes are based on:

--Overcollateralization of about Y6.7 billion, representing 16% of the
     pool balance;
--A  nonamortizing reserve account to be funded at closing with about
     Y250 million;
--The status of Oracle Beta as a special-purpose, bankruptcy-remote
     entity; and
--Redemption alternation events that will convert the principal
     redemption into a pass-through structure under certain adverse
     circumstances, Standard &Poor's said.--CreditWire