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Two Nomura Banks Upgraded On Group Integration And High Strategic Importance Aug 06 Product Image

Two Nomura Banks Upgraded On Group Integration And High Strategic Importance Aug 06

  • Published: August 2006
  • Standard & Poors

Abstract
TOKYO (Standard & Poor's) Aug. 30, 2006--Standard & Poor's Ratings Services today upgraded Nomura Trust & Banking Co. Ltd. and Nomura Bank International PLC (NBI), both wholly owned subsidiaries of Nomura Holdings Inc. (A-/Stable/A-2), recognizing the companies' integration with, and strategic importance to, the Nomura Group. The long-term counterparty credit rating on Nomura Trust & Banking was raised one notch to 'A' while the rating on NBI was raised two notches to 'A'. The short-term ratings on the two companies were raised by one notch to 'A-1'. The outlook on the ratings on both companies is stable. Nomura Trust's integration and strategic importance within the Nomura Group is high. The bank has reduced its reliance on lending in recent years,...

Companies mentioned in this report are:
- Nomura Trust & Banking Co. Ltd.
- Nomura Bank International PLC

Action: Outlook: Stable
Action: Upgraded

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 READ MORE >

- Nomura Trust & Banking Co. Ltd.
- Nomura Bank International PLC

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