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Ratings On Aozora Bank And Shinsei Bank Placed On Watch Positive On Announcement Of Planned Merger

Published Jul 01, 2009

1095 words — Published Jul 01, 2009

Price US$ 150.00 | Buy this Report Now

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Abstract:

-- Aozora Bank Ltd. and Shinsei Bank Ltd. today announced their merger plan. -- The likelihood of government support being extended to a merged bank may be greater than to individual banks, due to the greater size of the merged entity and its importance to the Japanese financial system. -- We have placed the long-term counterparty ratings on the banks on CreditWatch with positive implications. -- The planned merger will not affect the stand-alone credit quality of the banks, given the limited synergy effects expected. TOKYO (Standard&Poor's) July 1, 2009--Standard&Poor's Ratings Services today placed its 'BBB+' long-term counterparty ratings on Aozora Bank Ltd. (Aozora) and Shinsei Bank Ltd. (Shinsei) on CreditWatch with positive implications, following today's

Brief Excerpt:

RESEARCH Ratings On Aozora Bank And Shinsei Bank Placed On Watch Positive On Announcement Of Planned Merger Publication date: 01-Jul-2009 Primary Credit Analyst: Yuri Yoshida, Tokyo (81) 3-4550-8581; yuri_yoshida@standardandpoors.com...

Report Type:

Ratings Action

Ticker

8304@JP

Issuer

Aozora Bank Ltd.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Japan

Region

Asia

Format:

HTML

Ratings On Japan's Aozora And Shinsei Banks Remain On CreditWatch Positive – 2009/11/30 – US$ 150.00

Ratings On Japan's Aozora And Shinsei Banks May Be Removed From CreditWatch If Merger Plans Collapse – 2010/02/15 – US$ 150.00

Aozora Bank Ltd. – 2010/06/28 – US$ 500.00

Summary: Aozora Bank Ltd. – 2010/06/28 – US$ 225.00

Aozora Bank Ltd. – 2011/01/19 – US$ 500.00

Aozora Bank Ltd. – 2009/05/08 – US$ 500.00

Summary: Aozora Bank Ltd. – 2009/05/08 – US$ 225.00

S&PCORRECT: Potential Merger Of Shinsei Bank, Aozora Bank Could Have Positive Impact On Ratings – 2009/04/27 – US$ 150.00

Japan's Aozora Bank Downgraded To 'BBB+' On Weakened Performance; Outlook Stable – 2009/02/12 – US$ 150.00

Outlook On Aozora Bank Revised To Negative On Pressured Profitability And Asset Quality – 2008/12/26 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Ratings On Aozora Bank And Shinsei Bank Placed On Watch Positive On Announcement Of Planned Merger" Jul 01, 2009. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Aozora-Bank-And-Shinsei-Bank-Placed-On-Watch-Positive-On-Announcement-Of-Planned-Merger-731191>

APA:	S&P Global Ratings’ Credit Research. (). Ratings On Aozora Bank And Shinsei Bank Placed On Watch Positive On Announcement Of Planned Merger Jul 01, 2009. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Aozora-Bank-And-Shinsei-Bank-Placed-On-Watch-Positive-On-Announcement-Of-Planned-Merger-731191>

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