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Abstract Existing geophysical and geological data indicate that orthorhombic media with a horizontal symmetry plane should be rather common for naturally fractured reservoirs. Here, we consider two orthorhombic models: one that contains parallel vertical fractures embedded in a transversely isotropic background with a vertical symmetry axis (VTI medium) and the other formed by two orthogonal sets of rotationally invariant vertical fractures in a purely isotropic host rock. Using the linear-slip theory, we obtain simple analytic expressions for the anisotropic coefficients of effective orthorhombic media. Under the assumptions of weak anisotropy of the background medium (for the first model) and small compliances of the fractures, all effective anisotropic parameters reduce to the sum of the background values and the parameters associated with each fracture set. For the model with a single fracture system, this result allows us to eliminate the influence of the VTI background by evaluating the differences between the anisotropic parameters defined in the vertical symmetry planes. Subsequently, the fracture weaknesses, which carry information about the density and content of the fracture network, can be estimated in the same way as for fracture-induced transverse isotropy with a horizontal symmetry axis (HTI media) examined in our previous paper (part I). The parameter estimation procedure can be based on the azimuthally dependent reflection traveltimes and prestack amplitudes of P-waves alone if an estimate of the ratio of the P- and S-wave vertical velocities is available. It is beneficial, however, to combine P-wave data with the vertical traveltimes, NMO velocities, or AVO gradients of mode-converted (PS) waves. In each vertical symmetry plane of the model with two orthogonal fracture sets, the anisotropic parameters are largely governed by the weaknesses of the fractures orthogonal to this plane. For weak anisotropy, the fracture sets are essentially decoupled, and their parameters can be estimated by means of two independently performed HTI inversions. The input data for this model must include the vertical velocities (or reflector depth) to resolve the anisotropic coefficients in each vertical symmetry plane rather than just their differences. We also discuss several criteria that can be used to distinguish between the models with one and two fracture sets. For example, the semimajor axis of the P-wave NMO ellipse and the polarization direction of the vertically traveling fast shear wave are always parallel to each other for a single system of fractures, but they may become orthogonal in the medium with two fracture sets.