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S&P Credit Research767 word report
published Jun 29, 2009
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S&P Credit Research
| Abstract: | TOKYO (Standard&Poor's) June 30, 2009--Rising credit costs continue to pressure earnings and cash flow at Japan's consumer finance companies, Standard&Poor's Ratings Services said today in a Japanese-language report. The report analyzes the factors that are affecting earnings at Japan's consumer finance companies, as well as the impact of increasing credit costs on their cash flows. The report also offers Standard&Poor's views on the companies' cash flow flexibility and collateralized financing. Japan's five major rated consumer finance companies are ACOM Co. Ltd. (BBB+/Negative/A-2), Promise Co. Ltd. (BBB/Negative/A-2), Sanyo Shinpan Finance Co. Ltd. (BBB/Negative/A-2), Aiful Corp. (BB/Negative/B), and Takefuji Corp. (BB+/Negative/--). Japanese consumer finance companies are facing deteriorating earnings due to increasing credit costs and declining
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| Brief Excerpt: | RESEARCH Ratings Definitions Rising Credit Costs Pressure Japan's Consumer Finance Firms, Says S&P Report Publication date: 29-Jun-2009 Primary Credit Analyst: Kiyoko Ohora, Tokyo (1) 81 3-4550-8704; kiyoko_ohora@standardandpoors.com...
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| Report Type: | News
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| Ticker: | 8572@JP
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| Issuer: | ACOM Co. Ltd.
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| GICS: | Consumer Finance (40202010)
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| Sector: | Global Issuers, Structured Finance
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| Country: | Japan
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| Region: | Asia
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- ACOM Co. Ltd. $400.00
Strong business franchise in Japan's consumer loan market Potential support from Mitsubishi UFJ Financial Group Inc. given its position as a consolidated subsidiary Declining profitability due to large claims for refunds of overpaid interest ...
- Summary: ACOM Co. Ltd. $175.00
ACOM Co. Ltd. (BBB+/Stable/A-2) is one of Japan's four largest consumer finance companies with a solid business franchise in unsecured consumer loans. The company's operating receivables totaled ¥1.4 trillion on a consolidated basis at the ...
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- Japan's Consumer Finance Giants Profitable In Fiscal 2007 But Testing Times Ahead: S&P Report $100.00
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TOKYO (Standard&Poor's) Jan. 12, 2007--Standard&Poor's Ratings Services today affirmed its counterparty credit and debt ratings on five major Japanese consumer finance companies. The long- and short-term ratings on ACOM Co. Ltd., Aiful Corp., ...
- ACOM Co. Ltd. $400.00
Strong business franchise and good brand recognition as one of Japan's largest consumer finance companies Solid capitalization, with an shareholders' equity ratio of more than 40% Stabilizing funding sources, thanks to its alliance with Mitsubishi ...
- Summary: ACOM Co. Ltd. $175.00
Strong business franchise and good brand recognition as one of Japan's largest consumer finance companies Solid capitalization, with a shareholders' equity ratio of more than 40% Stabilizing funding sources, thanks to its alliance with Mitsubishi ...
- Japan's Major Consumer Finance Companies See Profit Dip In First Half 2006 $100.00
TOKYO (Standard&Poor's) Nov. 13, 2006-- Standard&Poor's Ratings Services said today that its ratings on five major consumer finance companies in Japan: Aiful Corp. (BBB+/Watch Neg/A-2), ACOM Co. Ltd. (BBB+/Watch Neg/A-2), Sanyo Shinpan Finance ...
