date:Apr 21, 2014
ering whether to lower Suntory Holdings rating. If its rating is lowered, it will be difficult for Suntory Holdings to issue corporate bonds, and the company will find itself with fewer options to procure funds.
To maintain its high credit rating, Suntory Holdings will ask government-affiliated financial institutions and megabanks to buy its subordinated bonds, which can be regarded as part of the companys own capital. Holders of subordinated bonds have a lower priority to be repaid.
With the