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Hitachi Credit's US$200M Eurobonds Rated `AA' by S&P Oct 96
Standard & Poors, October 1996
LONDON -- Standard & Poor's CreditWire 10/28/96 -- Standard & Poor's today has assigned its double-`A' long-term rating to Hitachi Credit Corporation's (Hitachi Credit) US$200 million Eurobonds due November 2001. The rating reflects Hitachi Credit's stable earnings, solid capital base, sound asset quality, and strong liquidity. An additional positive rating factor is the firm's relationship with its triple-`A' rated parent, Hitachi Corp., which owns 53% of Hitachi Credit. Hitachi Credit's diversified customer base and product operating lines have continually enabled the company to record stable results. Hitachi Credit has also benefited from lower funding costs because of low domestic interest rates and the shift toward capital market funding. Despite a decline in its capital ratio, Hitachi Credit's capital adequacy remains...
Companies mentioned in this report are: Hitachi Capital Corp.
Action: New Rating
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
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Hitachi Capital Corp.