March 15, 2011 / 3:07 AM / 9 years ago

FITCH: catastrophes have no immediate rating impact on Japanese banks

(The following was released by the rating agency)

March 14 (Fitch) Fitch Ratings says in a new comment that it is premature to quantify the losses arising from the earthquake and the subsequent tsunami. However, given the limited credit exposure of Fitch-rated Japanese banks to the Tohoku region that has been most affected by the recent catastrophes, the agency expects no immediate impact on ratings. Fitch will continue to monitor developments closely and any consequent impact on the banks.

The full comment, entitled “Japan Earthquake: No Immediate Ratings Impact on Japanese Banks” is available at www.fitchratings.com.

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