Two Nomura Banks Upgraded On Group Integration And High Strategic Importance

Standard & Poors

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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

Nomura Trust & Banking Co. Ltd. ,Nomura Bank International plc

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