Development Bank of Japan Inc. Dec 11
Standard & Poors, December 2011
Abstract
Strong likelihood of support from the Japanese government because of its critical policy role Good capitalization and limited market risk Solid expertise and franchise in corporate finance and investment as a 100% government-owned financial institution Potentially weaker relationship with the government under the current full privatization plan Low interest margin and limited revenue diversification Reliance on wholesale funding Concentration of loans on some sectors or large borrowers. The outlook on the long-term counterparty credit rating on Development Bank of Japan Inc. (DBJ) is negative. This reflects our view that the outlook on DBJ is constrained by that on the long-term sovereign rating on Japan (AA-/Negative/A-1+). The outlook on DBJ takes into consideration the bank's stand-alone credit profile (SACP), the likelihood...
Companies mentioned in this report are: Development Bank of Japan Inc.
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
Development Bank of Japan Inc.
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