Higher Funding Costs Following a Credit-Rating Downgrade
First written in FY2022-Q3. 2 of 3 entries say "Restated". Latest entry: FY2024.
29 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「If the Group’s credit rating is downgraded in the future due to deterioration in earnings power, asset quality, or other factors, this could adversely affect the Group’s operating performance and financial condition by increasing funding costs or making funding more difficult.」
The Group has reiterated the risk of higher funding costs and difficulty obtaining funding resulting from a ratings downgrade. - FY2023RestatedAnnual report
「If the Group’s credit rating is downgraded in the future due to deterioration in earnings power, asset quality, or other factors, this could adversely affect the Group’s operating performance and financial condition by increasing funding costs or making funding more difficult.」
The Group has reiterated the risk of higher funding costs and difficulty obtaining funding resulting from a ratings downgrade. - FY2022-Q3First statedAnnual report
「If the Group’s credit rating is downgraded in the future due to deterioration in earnings power, asset quality, or other factors, this could adversely affect the Group’s operating performance and financial condition by increasing funding costs or making funding more difficult.」
The disclosure describes a ratings downgrade originating from deterioration in earnings power and asset quality, and its impact on funding.