- Language: English
- Published: July 2013
- Region: Taiwan
NikkoCiti Trust & Banking Corp. Apr 08
- Published: April 2008
- Standard & Poors
Close integration with and expected support from parent companies, Nikko Cordial Corp. (A+/Positive/A-1) and Citigroup Inc. (AA-/Watch Neg/A-1+) Profitability gradually improving due to growth in the investment trust business Satisfactory capitalization Heavy reliance on main product lines NikkoCiti Trust & Banking Corp. (A+/Positive/A-1) is a joint venture between Nikko Cordial Securities Inc. (A+/ Positive/A-1) and U.S.-based Travelers Group International LLC (NR). Travelers Group International is a 100%-owned subsidiary of Citigroup Inc., and in January 2008, Nikko Cordial Securities became a 100% subsidiary of Citigroup Japan Holdings Ltd. (NR). As a result, Citigroup Japan indirectly owns a 100% stake in NikkoCiti Trust. The rating on NikkoCiti Trust reflects the bank's close relationship with and support from its parent companies. NikkoCiti Trust...
Companies mentioned in this report are: NCT Trust and Banking Corp.,Citigroup Overseas Holdings Inc.,Nikko Cordial Corp.
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
SHOW LESS READ MORE >
NCT Trust and Banking Corp.,Citigroup Overseas Holdings Inc.,Nikko Cordial Corp.