Tepco Financial Aid Is Risk for Japan Bank Ratings, S&P Says
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Japanese banks’ credit ratings are at risk if they forgive loans made to Tokyo Electric Power Co., the operator of a stricken nuclear power plant, Standard & Poor’s said.
In a worst-case scenario, debt waivers combined with deterioration of other loans because of the country’s record earthquake could negatively affect the ratings on some banks, S&P said in a statement today.