|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Ratings On Japan Finance Corp. Unaffected By Spin-Off Of JBIC
Standard & Poors, May 2011
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) May 9, 2011--Standard & Poor's Ratings Services said today that the spin-off of Japan Bank for International Cooperation (JBIC) from Japan Finance Corp. (JFC; AA-/Negative/A-1+) will not affect the ratings on JFC. JBIC is currently the international arm of JFC. On April 28, 2011, the Diet approved a bill to spin off JBIC from JFC, and the bill was subsequently enacted into law on May 2, 2011. Based on the law, the new organization will start operations on April 1, 2012. JFC was established in October 2008 with the merger of four policy financial institutions, including JBIC ('the former JBIC'). Prior to the merger, the former JBIC was the primary governmental financial institution that extended financial...
Companies mentioned in this report are: Japan Finance Corp.
Action: Bulletin
|
|
|
|
