Ratings On Japan's Six Major Banking Groups Affirmed; Aozora And Shinsei Banks Remain On Watch Positive Aug 09
Standard & Poors, August 2009
Abstract
The stress test results of Japan's six major banking groups were within a range consistent with the current ratings, and the groups' financial results for the first quarter of fiscal 2009 were within our expectations. Standard & Poor's affirmed its ratings on the six banking groups. The outlooks remain stable. The stable outlooks reflect our opinion that the downward pressure on the financial profile of each group would remain within a range commensurate with the current ratings. The ratings on Shinsei Bank and Aozora Bank remain on CreditWatch with positive implications. Issue ratings on preferred securities will be reviewed and, if lowered, would be limited to one notch. TOKYO (Standard & Poor's) Aug. 28, 2009--Standard & Poor's Ratings Services today...
Companies mentioned in this report are:
- Mitsubishi UFJ Financial Group Inc.
- Shinsei Bank Ltd.
- Aozora Bank Ltd.
- Sumitomo Mitsui Trust Bank Ltd.
- Mitsubishi UFJ Trust and Banking Corp.
- Chuo Mitsui Trust & Banking Co. Ltd.
- Mizuho Trust & Banking Co. Ltd.
- Sumitomo Mitsui Banking Corp.
- Mizuho Bank Ltd.
- Mizuho Corporate Bank Ltd.
- Resona Bank Ltd.
- Sumitomo Mitsui Financial Group Inc.
- Bank of Tokyo-Mitsubishi UFJ Ltd.
Action: Affirmed
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Mitsubishi UFJ Financial Group Inc.
- Shinsei Bank Ltd.
- Aozora Bank Ltd.
- Sumitomo Mitsui Trust Bank Ltd.
- Mitsubishi UFJ Trust and Banking Corp.
- Chuo Mitsui Trust & Banking Co. Ltd.
- Mizuho Trust & Banking Co. Ltd.
- Sumitomo Mitsui Banking Corp.
- Mizuho Bank Ltd.
- Mizuho Corporate Bank Ltd.
- Resona Bank Ltd.
- Sumitomo Mitsui Financial Group Inc.
- Bank of Tokyo-Mitsubishi UFJ Ltd.
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