Fitch revises outlook for Japanese financial institutions to Negative

16 June 2016, 08:15
Sherif Hasan
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US ratings agency out with their post-BOJ verdict 16 June 2016

    • Fitch Ratings has today revised the rating Outlooks for Mitsubishi UFJ Financial Group, Inc. (MUFG) and its subsidiaries, Sumitomo Mitsui Financial Group, Inc. (SMFG) and its subsidiaries, Mizuho Financial Group, Inc. (MHFG) and its subsidiaries, The Shizuoka Bank, Ltd. (Shizuoka), Nomura Holdings, Inc. (Nomura) and its subsidiaries and Daiwa Securities Group Inc. (Daiwa) and its subsidiaries to Negative from Stable. The IDRs have been affirmed. All other ratings of the issuers are not immediately affected by our action today.
    • The Outlook revision for the financial institutions' IDRs follows the affirmation of Japan's sovereign rating at 'A' and revision of the Outlook to Negative from Stable on 13 June 2016


    Reuters reporting

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