SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : QUANTUM
QNTM 10.70+20.0%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rational who wrote (5557)11/23/1997 12:21:00 AM
From: Dwight E. Karlsen  Read Replies (1) of 9124
 
I first picked up on the trouble when I happened to be up late Thursday night, and saw this story:

Friday November 21, 4:24 am Eastern Time

Company Press Release

S&P Puts Yamaichi Securities On CreditWatch - Negative

TOKYO--(BUSINESS WIRE)--Standard & Poor's CreditWire 11/21/97-- Standard & Poor's today placed the triple-'B'-minus long-term counterparty rating of Yamaichi Securities Co. Ltd. on CreditWatch with negative implications. The CreditWatch placement reflects increased concerns about the company's business prospects amid unstable domestic market conditions and uncertainty about the timing of Japan's economic recovery. Given Yamaichi's already diminished financial capacity, the firm will be seriously challenged by Japan's highly volatile stock market, sluggish business activity, and growing caution among investors.

Standard & Poor's is concerned that a prolonged drop in the company's market position could weaken its business franchise over the long term. Yamaichi's creditworthiness, nevertheless, is supported by its adequate capital base. Standard & Poor's will be meeting with Yamaichi's management shortly to discuss the firm's approach to its adverse operating environment and its strategy to regain customer confidence.

RATING ON CREDITWATCH - NEGATIVE

TO FROM Yamaichi Securities Co. Ltd. Counterparty credit rtg BBB-/Watch Neg/-- BBB-/Negative/--
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News