• Kyodo


International credit rating agency Fitch said Monday it has placed Asahi Bank on “rating watch negative,” following the bank’s announcement last week that it is in talks with Daiwa Bank over a business integration.

Fitch currently assigns a BBB-plus long-term debt rating, F2 short-term rating, and D/E individual rating to Asahi Bank, but gives an E individual rating — the lowest on its scale — to Daiwa Bank.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.