...December 21, 2023 - Aozora Bank's profitability and stability will likely be weaker than we had expected over the next one to two years because of a decline in its risk tolerance and further deterioration in the external environment. - We revised down the bank's standalone credit profile to '###' from '###+' and lowered to '###' from '###+' our long-term issuer credit rating; we also affirmed our 'A-2' short-term issuer credit rating on the bank. - The outlook is stable. TOKYO (S&P Global Ratings) Dec. 21, 2023--S&P Global Ratings today said it has lowered to '###' from '###+' its long-term issuer credit rating and unsecured senior debt rating on Japan-based Aozora Bank Ltd. We also affirmed our 'A-2' short-term issuer credit rating on the bank. The outlook is stable. The downgrade reflects our view that profitability and the stability of the bank's business, which have been stronger than those of domestic peers, will weaken to and remain at a lower level than we had expected over the next...
