Aozora Stake Would Likely Have Limited Impact on SMBC Rating - S&P Global Ratings’ Credit Research

Aozora Stake Would Likely Have Limited Impact on SMBC Rating

Aozora Stake Would Likely Have Limited Impact on SMBC Rating - S&P Global Ratings’ Credit Research
Aozora Stake Would Likely Have Limited Impact on SMBC Rating
Published Dec 05, 2002
Published Dec 05, 2002
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TOKYO (Standard&Poor's) Dec. 5, 2002 -- Standard&Poor's Ratings Services said today that the announcement by Sumitomo Mitsui Banking Corp. (SMBC) on Wednesday that it is considering aquiring a stake in Aozora Bank is not likely to have an immediate impact on SMBC's ratings. Standard&Poor's does not have detailed information on the size of the possible stake or the purchase price, according to Director of Financial Institutions Ratings Naoko Nemoto, but even if SMBC becomes the largest shareholder in Aozora as mentioned in media reports, the impact on SMBC's ratings would be limited given SMBC's large asset size, she said. Aozora has about ¥6 trillion in assets, compared with SMBC's ¥104 trillion (on a consolidated

  
Report Type:

News

Ticker
8304@JP
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Asia
Format:
HTML HTML
Buy Now

Research Update: Aozora Bank Ltd. – 2003/08/28 – US$ 225.00

Aozora Bank Ltd. – 2005/02/06 – US$ 500.00

Summary: Aozora Bank Ltd. – 2002/10/11 – US$ 225.00

Japan's Aozora Bank Assigned 'BBpi' Rating – 2001/03/19 – US$ 150.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Aozora Stake Would Likely Have Limited Impact on SMBC Rating" Dec 05, 2002. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Aozora-Stake-Would-Likely-Have-Limited-Impact-on-SMBC-Rating-279115>
  
APA:
S&P Global Ratings’ Credit Research. (). Aozora Stake Would Likely Have Limited Impact on SMBC Rating Dec 05, 2002. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Aozora-Stake-Would-Likely-Have-Limited-Impact-on-SMBC-Rating-279115>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.