Bulletin: No Immediate Rating Impact On Japan's Aeon From Merger Of Financial Service Subsidiaries - S&P Global Ratings’ Credit Research

Bulletin: No Immediate Rating Impact On Japan's Aeon From Merger Of Financial Service Subsidiaries

Bulletin: No Immediate Rating Impact On Japan's Aeon From Merger Of Financial Service Subsidiaries - S&P Global Ratings’ Credit Research
Bulletin: No Immediate Rating Impact On Japan's Aeon From Merger Of Financial Service Subsidiaries
Published Sep 13, 2012
Published Sep 13, 2012
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Abstract:

TOKYO (Standard&Poor's) Sept. 13, 2012--Standard&Poor's today said its ratings on Aeon Co. Ltd. (A-/Negative/--) would not be immediately affected by the announcement of a reorganization of its financial service business. Aeon's consolidated financial subsidiary Aeon Credit Service Co. Ltd. (not rated) will merge with Aeon's equity-method subsidiary Aeon Bank Ltd. (not rated) on Jan. 1, 2013--through a conversion of Aeon Bank shares to Aeon Credit Service stock--and move to a bank-holding company structure on April 1, 2013. In our view, Aeon Bank has weaker credit quality than Aeon or Aeon Credit Service, due mainly to its status as a startup and the weakness of its business compared with its domestic peers. Nevertheless, we believe the reorganization

  
Report Type:

Bulletin

Ticker
8267@JP
Issuer
Aeon Co. Ltd.
GICS
Hypermarkets & Super Centers (30101040)
Sector
Global Issuers
Country
Japan
Region
Asia
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: No Immediate Rating Impact On Japan's Aeon From Merger Of Financial Service Subsidiaries" Sep 13, 2012. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-No-Immediate-Rating-Impact-On-Japan-s-Aeon-From-Merger-Of-Financial-Service-Subsidiaries-1010588>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: No Immediate Rating Impact On Japan's Aeon From Merger Of Financial Service Subsidiaries Sep 13, 2012. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-No-Immediate-Rating-Impact-On-Japan-s-Aeon-From-Merger-Of-Financial-Service-Subsidiaries-1010588>
  
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