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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.