| Title: | Summary: NikkoCiti Trust&Banking Corp. |
| Price: | $175.00 |
| Publication Date: | Apr 29, 2008 |
| Report Type: | Summary |
| Abstract: | 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 specializes in trust and custody services, and has been increasing its investment trust-related business in recent years. The bank benefits from the managerial resources, including global custody functions and expertise, of Citigroup, and from the sales force |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: NikkoCiti Trust & Banking Corp. Publication date: ##-Apr-#### Primary Credit Analyst: Naoko Nemoto, Tokyo (##) #-####-####; naoko_nemoto@standardandpoors.com Credit Rating: ##/Positive/### Rationale... |
| Word Count: | 750 |
| 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 |
| Format: | 
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