Fitch revises Daiwa view to negative

Fitch Ratings said it revised the outlooks of Daiwa Securities Group Inc. and its wholly owned subsidiary, Daiwa Securities Co. Ltd. to negative from stable. At the same time, Fitch affirmed the issuer default ratings,

The revision follows the affirmation of Japan’s sovereign rating at A with a change of the outlook to negative from stable on July 28, Fitch said.

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