Following Yamaichi's announcement, the ratings agency Moody's Investors Service Inc. said it was upholding its Baa-3 rating on Yamaichi's senior debt and its Prime-3 rating on short-term debt, affecting $2.2 billion in debt securities. "Although the full amount of the cash support will be recognized as an extraordinary loss, the actual impact on Yamaichi Securities will be reduced by the anticipated gain on the sale of securities and other assets and by profits arising from normal operations throughout the year," Moody's said. Moody's said its ratings had already "incorporated the expectations of substantial losses related to its affiliate" and noted that the size of the bailout was "within the anticipated range." "The firm's capital adequacy, though weakened by its real-estate exposures, remains adequate, given the company's liquid balance sheet and extensive domestic franchise," the agency said.