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Seven Bank Ltd. Jan 13 Product Image

Seven Bank Ltd. Jan 13

  • ID: 2387264
  • January 2013
  • Standard & Poors

Abstract
High capital ratio by global comparison High likelihood of receiving extraordinary support from the Seven & i group if necessary Limited business franchise in the domestic financial market although its ATM business--backed by the group's network--is competitive Limited diversification of revenue sources as ATM service fees make up over 90% of its revenues The negative outlook on Seven Bank Ltd. reflects our outlook on the long-term sovereign rating on Japan (AA-/Negative/A-1+). The long-term counterparty credit rating on Seven Bank is higher than the stand-alone credit profile (SACP), because it incorporates the possibility of extraordinary support in a time of need from its parent, Seven & i Holdings Co. Ltd. (AA-/Stable/--), and the Seven & i group companies. The ratings on...

Companies mentioned in this report are:
- Seven Bank Ltd.

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

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- Seven Bank Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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