Report title: Nomura Holdings Inc.
from Fitch Research
1 page (814 word) report published Jun 03, 2009

Price $165.00 available for immediate download
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...The LongTerm Issuer Default Ratings (IDRs) of Nomura Holdings Inc. (NHI) and Nomura Securities Co. Ltd. (Nomura; NHI's flagship operating subsidiary) and the ShortTerm IDRs of Nomura, were downgraded on 28 January 2009. This reflected a larger loss than expected in Q3FYE09 (OctoberDecember 2008) and Fitch Ratings' expectation that NHI's performance will remain under pressure due to its elevated cost base from its acquisitions of the Lehman Brothers businesses, amid subdued capital markets and recession in Japan. NHI's ratings reflect its financial strength and the franchise of Nomura in Japan. + ...

Report Type: Credit Update
Company(ies): Nomura Securities Co. Ltd., Nomura Holdings Inc
Ticker(s): 8604
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