S&P revises Shinsei Bank view to stable

S&P said it has revised to stable from positive the outlook on its long-term issuer credit rating on Shinsei Bank Ltd.

The rating agency affirmed its BBB+ long- and A-2 short-term issuer credit ratings on the bank.

“We revised the outlook because Shinsei Bank's capital adequacy relative to its risk-weighted assets is likely to fall short of our assumptions. This is because higher shareholder returns are likely to slow its accumulation of capital and its risk-weighted assets are on the rise,” S&P said in a news release.

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