Nikko Group On Watch Positive As TSE Keeps Shares Listed Mar 07
- ID: 2032390
- March 2007
- Standard & Poors
TOKYO (Standard & Poor's) March 13, 2007--Standard & Poor's Ratings Services today placed its ratings on Nikko Cordial companies on CreditWatch with positive implications, following the Tokyo stock exchange's (TSE) decision not to delist Nikko Cordial Corp. shares. Following the announcement by the TSE, the 'BBB-/A-3' counterparty and 'BBB-' senior unsecured debt ratings on Nikko Cordial Corp., 'BBB/A-2' counterparty credit ratings on Nikko Cordial Securities Inc., and the 'A' long-term counterparty credit rating on NikkoCiti Trust & Banking Corp. were all placed on CreditWatch with positive implications. The 'A-1' short-term rating on NikkoCiti Trust was affirmed. The ratings on the three companies were first placed on CreditWatch with negative implications on Dec. 26, 2006, following the resignations of Nikko Cordial...
Companies mentioned in this report are:
- Nikko Cordial Corp.
- Citigroup Inc.
- NCT Trust and Banking Corp.
- Citigroup Overseas Holdings Inc.
Action: On CreditWatch:Positive
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