TOKYO (Standard&Poor's) Aug. 29, 2012--Standard&Poor's Ratings Services said today that the ratings on Aozora Bank (A-/Stable/A-2) would not be immediately affected by the bank's recapitalization plan--including installment repayments of public funds--which the bank announced Aug. 27. Aozora Bank intends to implement the plan, which includes repurchasing its common shares and increasing its dividend payout ratio, on the premise that the bank will obtain approval from relevant authorities and its shareholders at an extraordinary shareholders meeting scheduled in September. Aozora Bank intends to first create a distributable amount that is sufficient for the full repayment of public funds. It will do this through capital reduction, which is to transfer capital to other capital surplus. The bank plans
