News: Sumitomo Mitsui Trust Holdings Inc (8309.T)
17 May 2013
Tue, Apr 30 2013
Sumitomo Mitsui Trust Bank, Ltd. (SMTB)
Sumitomo Mitsui Trust Bank Limited (SMTB).
(The following statement was released by the rating agency) TOKYO, March 10 (Fitch) Fitch Ratings says there is no rating impact on Sumitomo Mitsui Trust Bank, Limited (SMTB, A-/Stable) from Sumitomo Mitsui Trust Holdings, Inc.'s (SMTH) repayment of public funds through a buy-back of its common stocks owned by Resolution and Collection Corporation (100%-owned by Deposit Insurance Corporation of Japan). From a short-term perspective, the buy-back is credit-negative for the group, through re
TOKYO, March 8 - Sumitomo Mitsui Trust Holdings Inc, Japan's fifth-largest banking group, said on Friday it will repay 200 billion yen ($2.1 billion) in public bailout money, ending more than a decade of partial government ownership.