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In addition, it reflects Moody's expectation that KUBC's weak capital
This proposed restructuring of KUBC's capital structure will achieve
The BFSR, in turn, reflects KUBC's high concentration risk versus its Tier I capital, particularly in loan exposures to certain industries such as real estate, high credit expenses relative to earnings, especially over the last three years, and low Tier I ratio and asset quality relative to other rated Japanese banks, the agency noted.
Moody's added that it expected the unit to benefit from a high level of parental backup in adverse circumstances given the involvement of SMBC's management in KUBC and the proven support within the group.
- Moody's assessment of the "very high" likelihood of support from KUBC's
The debts total JPY10.1bn (USD123.6m/EUR89.9m) and are part of KUBC's JPY150bn domestic shelf registration of January 2011.
Moody's added that it expected the unit to benefit from a high level of parental backup in adverse circumstances given the involvement of SMBC's management in KUBC, SMFG's group's shareholding of more than 50% and KUBC's association with the parent bank's brand.
"KUBC's bank financial rating is attributable mainly to three factors: 1) the bank's high concentration risk versus its Tier 1 capital, especially in loan exposures to certain industries such as real estate; 2) its high credit expenses relative to earnings, especially over the last three years; and 3) its low Tier 1 ratio and asset quality compared with the other Moody's-rated banks in Japan," the agency said.
The outlook of Minato Bank is stable and that of KUBC is negative.
KUBC's parent bank, SMBC (Sumitomo Mitsui Banking Corporation, C BFSR,
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- Kubalov, Aleksandr
- Kubalov, Aleksandr Zakharevich
- Kuban Cossack Host
- Kuban Cossacks
- Kuban Evangelical Christian University
- Kuban Rada of 1917–20
- Kuban Soviet Republic
- Kuban, University of the
- Kuban-Azov Lowland
- Kuban-Black Sea Soviet Republic
- Kuban-Novorossiisk Operation of 1920
- Kubanychbek Imanalievich Malikov
- Kubanychbek Malikov
- Kubasov, Valerii
- Kubasov, Valerii Nikolaevich
- Kubelik, Jan
- Kubelík, Jan
- Kubelík, Ján
- Kubelka-Munk model
- Kubena Lake
- Kubertavicius, Petras
- Kubetskii, Leonid
- Kubetskii, Leonid Aleksandrovich
- Kubiak, Nikolai
- Kubiak, Nikolai Afanasevich
- Kubicki, Jakub
- Kubilai Khan
- Kubilai Khan
- Kubilinskas, Kostas