Moody's may lower Nomura

Moody's Investors Service said it placed the Baa2 debt rating of Nomura Holdings under review for possible downgrade.

The review has been prompted by the ongoing losses in the company's international capital market activities, Moody's said, and will examine the potential impact of these losses on the strategic direction of the company and the extent to which this could have negative implications for creditors.

Mitigating factors include the firm's strong domestic franchise, strengthened capital and liquidity and the possible availability of systemic support in times of stress from the Bank of Japan, 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.