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Bulletin: No Immediate Impact On Ratings On AEON From Move To Make Daiei A Wholly-Owned Subsidiary

Published Sep 25, 2014

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Abstract:

TOKYO (Standard&Poor's) Sept. 25, 2014--Standard&Poor's Ratings Services today said that its ratings on Japan-based retailer AEON Co. Ltd. (BBB+/Negative/--) would not be immediately affected by the company's announcement that it will make supermarket chain The Daiei Inc. a wholly-owned subsidiary through stock swaps for minority interests in January 2015. We believe this move will not immediately affect our ratings on AEON, because we already incorporate business and financial profiles for Daiei, a consolidated subsidiary, into our assumptions under our base-case scenario for AEON. Also, AEON will not take on an additional funding burden, because it plans to use stock swaps to acquire the minority interests of Japan-based trading company Marubeni Corp. and others. Since making Daiei

Report Type:

Bulletin

Ticker

8267@JP

Issuer

AEON Co. Ltd.

GICS

Hypermarkets & Super Centers (30101040)

Sector

Global Issuers

Country

Japan

Region

Asia

Format:

HTML

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Summary: AEON Co. Ltd. – 2014/09/24 – US$ 225.00

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Summary: AEON Co. Ltd. – 2014/03/25 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: No Immediate Impact On Ratings On AEON From Move To Make Daiei A Wholly-Owned Subsidiary" Sep 25, 2014. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-No-Immediate-Impact-On-Ratings-On-AEON-From-Move-To-Make-Daiei-A-Wholly-Owned-Subsidiary-1361008>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: No Immediate Impact On Ratings On AEON From Move To Make Daiei A Wholly-Owned Subsidiary Sep 25, 2014. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-No-Immediate-Impact-On-Ratings-On-AEON-From-Move-To-Make-Daiei-A-Wholly-Owned-Subsidiary-1361008>

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