Fitch: New capital positive for Nomura

Fitch Ratings said that Nomura Holdings Inc.'s (BBB/stable) announcement that it is raising capital in the form of new common shares and a secondary offering is a positive factor for its credit profile.

The planned capital increase could further enhance the company's capital ratios provided it does not lead to a proportional increase in risk appetite and/or risk-weighted assets, Fitch said.

The new capital does not immediately impact the ratings, however, given the challenges facing Nomura in stabilizing and sustaining its operating performance amid volatile financial markets and uncertain economic conditions, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.