Bank Ratings Lowered: Moody’s Investor Service said...
From Times Staff and Wire Reports
Bank Ratings Lowered: Moody’s Investor Service said it had downgraded the long-term debt ratings of Japan’s Dai-Ichi Kangyo Bank and Fuji Bank, two of the world’s five largest banking companies. Moody’s said it downgraded Dai-Ichi Kangyo because the bank would “continue to experience greater (profit) margin pressures than its peers.” The agency said Fuji had one of the highest exposures to the real estate and finance sectors among Japan’s city banks.
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