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BULLETIN: Hitachi Capital Announces Acquisition of Sekisui Leasing Feb 02
Standard & Poors, Feb 2002
Abstract
TOKYO (Standard & Poor's) Feb. 14, 2002--Standard & Poor's said today its ratings on Hitachi Capital Corp. (A/Negative/A-1) will not be affected by the company's announcement today that it will acquire 90% of Sekisui Leasing Co. Ltd., a wholly owned subsidiary of Sekisui Chemical Co. Ltd. The acquisition will not have a significant impact on Hitachi Capital's financial profile. Sekisui Leasing's total asset size, standing at -146 billion at March 2001, is far smaller than that of Hitachi Capital, at -2,189 billion....
Companies mentioned in this report are: Hitachi Capital Corp.
Action: S&P Event
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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