Strong in specific segments of wholesale banking businesses, such as real estate financing High likelihood of maintaining its capital base at a level commensurate with the current ratings Sufficient liquidity relative to the bank's funding needs Limited market share compared with Japan's major banks and regional banks with high market shares in specific regions High concentration of lending to the real estate sector, which makes earnings susceptible to changes in the real estate market and business climate Low profitability and weak earnings base The stable outlook on the ratings on Aozora Bank Ltd. reflects Standard&Poor's Ratings Services' base-case scenario that the bank will be able to manage its potential credit risks and keep its risk-adjusted capital (RAC) ratio
