Fitch Ratings has withdrawn its ratings on a large number of Japan’s regional banks, apparently signalling a large cutback by the agency in its Japan business.
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number of Japanese banks Fitch is dropping from its coverage |
In a series of announcements between February 24 and April 15, the agency said that it was simultaneously affirming and withdrawing credit ratings on a list of banks that included Tokyo-based Shinsei and Aozora banks, as well as Resona Bank and a number of regional banks including Hokkaido Bank, Fukuoka Bank and Chiba Bank.
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