Moody’s assigns Aa2 to Kyushu Electric Power’s Japan bonds

Tokyo, June 04, 2009 -- Moody's Investors Service has assigned an Aa2
rating to Kyushu Electric Power Co., Inc.'s (Kyushu Electric) Series 408,
Yen 20 billion bonds, due 2019. The rating outlook is stable.

The rating reflects Kyushu Electric's solid franchise in its operating
area in the Kyushu Island, effectively limited competitive factors in
the industry, and the importance of its public utility service backed by
a favorable regulatory framework and the Japanese government's energy
policy.

Moody's last rating action with respect to Kyushu Electric was taken on
March 8, 2007, upgraded to Aa2 from A1.

The principal methodology used in rating this issuer was "Global Regulated
Electric Utilities", which can be found at www.moodys.com in the Credit
Policy & Methodologies directory, in the Ratings Methodologies
subdirectory. Other methodologies and factors that may have been
considered in the process of rating this issue can also be found in the
Credit Policy & Methodologies directory.

Kyushu Electric Power Co., Inc. headquartered in Fukuoka, Japan, is one
of the ten major electric utilities in Japan.