| Title: | NikkoCiti Trust&Banking Corp. |
| Price: | $400.00 |
| Publication Date: | Apr 29, 2008 |
| Report Type: | Full Report |
| Abstract: | Close integration with and expected support from parent companies, Nikko Cordial Corp. (A+/Positive/A-1) and Citigroup Inc. (AA-/Watch Neg/A-1+) Profitability gradually improving due to growth in the investment trust business Satisfactory capitalization Heavy reliance on main product lines NikkoCiti Trust&Banking Corp. (A+/Positive/A-1) is a joint venture between Nikko Cordial Securities Inc. (A+/ Positive/A-1) and U.S.-based Travelers Group International LLC (NR). Travelers Group International is a 100%-owned subsidiary of Citigroup Inc., and in January 2008, Nikko Cordial Securities became a 100% subsidiary of Citigroup Japan Holdings Ltd. (NR). As a result, Citigroup Japan indirectly owns a 100% stake in NikkoCiti Trust. The rating on NikkoCiti Trust reflects the bank's close relationship with and support from its parent companies. NikkoCiti Trust |
| Brief Excerpt: | RESEARCH Ratings Definitions NikkoCiti Trust & Banking Corp. Publication date: ##-Apr-#### Primary Credit Analyst: Naoko Nemoto, Tokyo (##) #-####-####; naoko_nemoto@standardandpoors.com Major Rating Factors Counterparty Credit Rating... |
| Word Count: | 4136 |
| Ticker: | NTBZ@JP |
| Issuer: | NikkoCiti Trust&Banking Corp. |
| GICS: | Regional Banks (40101015) |
| Sector: | Global Issuers, Structured Finance, Financial Institutions, Asset-Backed Securities |
| Country: | Japan |
| Region: | Asia |
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