Following a review of Seven Bank Ltd. under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our long- and short-term counterparty credit ratings on the bank at 'AA-/A-1+'. The outlook on the long-term rating is negative. Our ratings on Seven Bank reflect our 'a-' anchor stand-alone credit profile for a bank with a majority of its operations in Japan, its moderate business position, very strong capital and earnings, adequate risk position, average funding, and strong liquidity. We apply our corporate group methodology in analyzing Seven Bank's position within the Seven & I group. The ratings on the bank are equivalent to those on Seven & I Holdings Co. Ltd. (AA-/Stable/--), based on our view...
Companies mentioned in this report are: Seven Bank Ltd.
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.