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Nomura Group Companies Downgraded On Weakened Performance; Outlook Stable Jan 09
Standard & Poors, January 2009
TOKYO (Standard & Poor's) Jan. 27, 2009--Standard & Poor's Ratings Services today lowered to 'BBB+' from 'A-' its long-term counterparty credit rating on Nomura Holdings Inc., and to 'A-' from 'A' its long-term counterparty credit ratings on Nomura Securities Co. Ltd., Nomura Trust & Banking Co. Ltd., and Nomura Bank International PLC. The outlooks on the long-term counterparty credit ratings on the four downgraded companies are stable. At the same time, Standard & Poor's lowered to 'A-2' from 'A-1' its short-term counterparty ratings on Nomura Securities Co. Ltd., Nomura Trust & Banking Co. Ltd., and Nomura Bank International PLC. The 'A-2' short-term rating on Nomura Holdings was affirmed (see below for complete list of actions). The one-notch downgrades reflect larger-than-expected...
Companies mentioned in this report are: Nomura Holdings Inc.,Nomura Securities Co. Ltd.,Nomura Bank International PLC,Nomura Trust & Banking Co. Ltd.
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.
Nomura Holdings Inc.,Nomura Securities Co. Ltd.,Nomura Bank International PLC,Nomura Trust & Banking Co. Ltd.