Small Business Resources, Business Advice and Forms from AllBusiness.com

S&P May Cut Rating on Japan Consumer Lender Takefuji over Wire-Tapping Scandal.

Kyodo News International, Tokyo Knight Ridder/Tribune Business News

Nov. 20--TOKYO--Standard & Poor's (S&P) said Thursday it may cut its A-minus long-term counterparty credit rating on Takefuji Corp. over a wire-tapping scandal involving former employees at the major Japanese consumer finance company.

"This incident could turn out to have a tolerable impact on the company's credit quality, as it is so far only an investigation of an alleged criminal act by former employees," the U.S. credit-rating agency said.

Police raided the headquarters o

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • Maruishi Cycle President Arrested; Fraud Investigation Continues
    • TOKYO, Japan (BRAIN)--Police arrested Yoshio Yagi, 52, the recently fired president of Maruishi Cycle Industries last week, as investigations into an alleged stock-fraud scandal continue, Kyodo News reports.
  • JAL promises to investigate discrimination claims made by Chinese passengers.
    • AIRLINE INDUSTRY INFORMATION-(C)1997-2001 M2 COMMUNICATIONS LTD Japan Airlines (JAL) has apparently written to the Chinese Foreign Ministry promising that it will investigate claims of discrimination made by Chinese passengers after an incident on 27 January. The incident involved more than 90 Chinese passengers on a flight between Beijing and Tokyo ......
  • Downgrade Adds to Charter Woes
    • The bad news continued for Charter Communications Inc., as one major credit rating agency lowered its ratings on the MSO, and a second threatened to do the same last week. Charter — battered after a week in which its chief operating officer was placed on paid leave in connection with ......
  • SEC Probing Cablevision
    • Standard & Poor's has placed Cablevision Systems Corp.'s credit rating on credit watch with negative implications, the latest stumble for the Bethpage, N.Y.-based MSO. S&P said it could possibly downgrade Cablevision's debt rating, largely because of a July 3 securities filing which said that Cablevision had received a formal order ......
  • Man dies in Tokyo amusement park fall
    • A wheelchair-bound man died Monday in an accidental fall from a ride simulating a sky dive at an indoor amusement park in Tokyo, according to the Kyodo news service.
  • DR credit rating raised.
    • The Dominican Republic's credit rating has been increased by Standard & Poor's as the govt. narrows its budget deficit and reduces debt, reports Bloomberg (Sept. 5, 2007). The long-term debt rating was increased to B+ from B, putting it four levels below investment grade and in line with Argentina's ......
  • Credit ratings.
    • Ardagh Glass, the Guernsey-based glassmaker that owns Rockware in the UK, Heye Glas and HEYE International in Germany and Abruzzo Vetro in Italy, has had its credit rating revised from stable to negative by the ratings group Standard & Poor's. This follows Ardagh's issuing of additional debt in the form ......

Blogs

  • New Way to Look at Your Credit Score
    • For years, the FICO score has had a corner on the credit score market. Now, however, there is a new way of looking at one's credit score. And it is actually a little easier to understand. It's a great deal like looking at a report card. A credit history report ......
  • All Bloggers
Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.