S&P alters Aozora Bank view to stable

S&P said it revised to stable from negative the outlook on Aozora Bank Ltd. and affirmed its BBB+ long-term issuer credit and senior unsecured debt ratings.

“We revised the outlook because the bank is likely in the next two years to work to better stabilize its business and earnings and to maintain adequate capital relative to risks. We also think the bank will maintain higher profitability than other domestic banks, along with a stable foundation for earnings. We base this view on its conservative risk management framework and track record even amid harsh business conditions for Japan-based banks,” S&P said in a press release.

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