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BOT Lease Co. Ltd. Nov 09
Standard & Poors, Nov 2009
Abstract
Close financial and operational ties with sister companies in the Mitsubishi UFJ Financial Group Inc. Potential capital support from Bank of Tokyo-Mitsubishi UFJ Ltd. Strengthening businesses other than leasing and installment sales Declining profitability given fewer leasing contracts and increasing credit costs Capital is below the average for rated leasing companies in Japan BOT Lease Co. Ltd. (BBB+/Stable/A-2) is a midsize leasing company affiliated with Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU; A+/Stable/A-1). BOT Lease benefits from ties with the Mitsubishi UFJ Financial Group Inc. (MUFG; A/Stable/--) companies, including BTMU, through business promotion, funding, and management resources. Potential support from BTMU is incorporated into the ratings on BOT Lease. The company's main businesses are leasing and installment sales to domestic and...
Companies mentioned in this report are: BOT Lease Co. Ltd.,Union Bank N.A.,Mitsubishi UFJ Trust and Banking Corp.,UnionBanCal Corp.,UFJ Finance Aruba AEC,Master Trust Bank of Japan Ltd.,Tokai Preferred Capital Co. LLC,ACOM Co. Ltd.,Mitsubishi UFJ Financial Group Inc.,Bank of Tokyo-Mitsubishi UFJ Ltd.,MUFG Capital Finance 1 Ltd.,MUFG Capital Finance 2 Ltd.,MUFG Capital Finance 3 Ltd.,MUFG Capital Finance 4 Ltd.,MUFG Capital Finance 5 Ltd.,Bank of Tokyo-Mitsubishi UFJ (China) Ltd.,Bank of Tokyo-Mitsubishi UFJ Ltd. (Paris Branch)
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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