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Bulletin: No Immediate Impact On Ratings On Japanese Financial Institutions From Lehman Bankruptcy Sep 08
Standard & Poors, Sep 2008
Abstract
TOKYO (Standard & Poor's) Sept. 18, 2008--Standard & Poor's Ratings Services said today that the direct impact of the Lehman Brothers Holdings Inc. bankruptcy on Japanese banks, securities firms, and insurers is limited, and that the ratings on the institutions would not be immediately affected. However, Standard & Poor's is paying close attention to the potential indirect impact of the bankruptcy, stemming from global turbulence in market products, and may consider rating actions subject to market and economic developments. Japanese financial institutions have only limited exposure to the Lehman Brothers group, including its Japanese subsidiaries. For major banking groups and the 26 regional banks rated by Standard & Poor's, total net exposure was $1.8 billion and $0.4 billion, respectively, as...
Action: Bulletin
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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