Moody's changes Nomura view to stable

Moody's Investors Service said it changed the outlook to stable from negative and affirmed the Baa1 long-term senior unsecured debt ratings for Nomura Holdings, Inc., as well as the A3 ratings of Nomura Securities Co., Ltd. and the Baa1 rating of Nomura America Finance, LLC.

“The affirmation of Nomura's ratings and change in outlook to stable from negative reflects Moody's expectation that the company's earnings will gradually become less volatile. This improvement will be led by recoveries in its domestic retail and wholesale segments, and by the diminishing risk of large downward shocks in its overseas businesses following restructuring efforts over the past two years,” Moody’s said in a press release.

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