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Banking Industry Country Risk Assessment On Japan Revised Upward To Group 2 Jun 09
Standard & Poors, June 2009
Abstract
TOKYO (Standard & Poor's) June 19, 2009--Standard & Poor's Ratings Services said today that it had revised upward its Banking Industry Country Risk Assessment (BICRA) on Japan (AA/Stable/A-1+) to Group 2 from Group 3. This action primarily reflects Standard & Poor's assessment that over the past five to six years (i.e. since the 'lost decade' for Japan's economy, so called because economic growth was more or less flat), structural risks facing the banking industry have moderated to an extent that the Japanese banking industry is likely to reasonably withstand cyclical economic and credit downturns. Structural risks include risks of overinflated asset values, rapid credit growth, leverage levels of large corporates and small to medium enterprises, and overconcentration to single-name exposures....
Action: General Comment
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.
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