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Technology Stocks : Softbank Group Corp

SFTBY 72.00

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To: Nihon-jin who started this subject	3/21/2001 8:42:27 AM
From: Anchan	Read Replies (1) of 6018

Softbank's Bank: Wednesday, March 21, 2001 Standard & Poor's Downgrades Aozora Bank Rating To BB TOKYO (Nikkei)--Standard & Poor's Corp. on Monday downgraded the long-term debts of Aozora Bank -- the former Nippon Credit Bank -- to below investment grade at BB. The U.S. rating agency attributes the downgrade to the bank's heavy reliance on debentures, which makes its fund-raising activities costly. The BB rating means that a company could default on its debts if its business environment deteriorates. The bank protested the downgrade, saying it has had insufficient opportunity to explain its business performance after starting anew as a private institution following its rehabilitation. (The Nihon Keizai Shimbun Tuesday edition)

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