Hitachi Capital Corp. Sep 11
Standard & Poors, September 2011
Abstract
Strong business franchise in leasing and sales financing Adequate capitalization to cover its financial risk Independence of the company's business portfolio from the Hitachi group Drop in revenues to below pre-financial crisis levels due to falling leasing demand in the domestic market The ratings on Hitachi Capital Corp. (Hitachi Capital; A-/Stable/A-2) reflect a strong business franchise in leasing and sales financing, and adequate capitalization to cover its financial risk. In addition, the ratings reflect the independence of its business portfolio from the Hitachi group, which will limit any negative impact on the company's credit quality if the group's creditworthiness comes under downward pressure. Hitachi Capital is one of Japan's major leasing companies, and a member of the Hitachi group led...
Companies mentioned in this report are: Hitachi Capital Corp.,Hitachi Ltd.,Hitachi International (Holland) B.V.,Hitachi Finance (U.K.) PLC,Hitachi Asia Ltd.,Hitachi America Capital Ltd.,Hitachi International Treasury Ltd.,Hitachi Capital Insurance Corp.
Action: Review
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: Full Analysis
Hitachi Capital Corp.,Hitachi Ltd.,Hitachi International (Holland) B.V.,Hitachi Finance (U.K.) PLC,Hitachi Asia Ltd.,Hitachi America Capital Ltd.,Hitachi International Treasury Ltd.,Hitachi Capital Insurance Corp.
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