|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Ratings On Japan Securities Finance Co. Unaffected By Subsidiary Write-Downs Oct 08
Standard & Poors, Oct 2008
Abstract
TOKYO (Standard & Poor's) Oct. 9, 2008--Standard & Poor's Ratings Services said today that its ratings on Japan Securities Finance Co. Ltd. (JSF; A/Stable/A-1) would not be affected by write-downs incurred at its consolidated subsidiary, JSF Trust and Banking Co. Ltd. (NR). On Oct. 7, 2008, JSF announced that JSF Trust and Banking had posted write-downs of -4.1 billion on its securities holdings, which exceeds the group's projected full-year consolidated net profit of -2 billion for fiscal 2008 (ending March 2009). But Standard & Poor's believes the losses incurred at the consolidated subsidiary would not have an immediate impact on the ratings on JSF in light of the following factors: -- We expect the balance between the JSF group's risk...
Companies mentioned in this report are: Japan Securities Finance Co. Ltd.
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.
|
|
|
|
