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JCR keeps Aomori Bank's debts ratings, ups outlook

Posted on: Wed, 04 Nov 2009 15:26:00 EST

Symbols: AOBKF

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Nov 04, 2009 (M2 PRESSWIRE via COMTEX) --
AOBKF | Quote | Chart | News | PowerRating -- 4 November 2009 - JCR confirmed today its ratings on the debt of
Japan's Aomori Bank Ltd (TYO:8342) and lifted the ratings' outlook to
"stable" from "negative".

JCR maintained the A rating on the senior debts of Aomori Bank and its
A- rating on its subordinated bonds.

Aomori Bank is a regional bank with a large presence and a stable
operating base in its Aomori prefecture.

Although there is downward pressure on its net operating profit from
core operations, the bank reduced its risk of falling into a second
consecutive large loss by means of preventive provision of loan loss
reserves and strict asset impairment accounting.

It also restored the equity capital level by means of a capital
increase.

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