NEW YORK - Economic troubles in Japan have prompted a lowering of credit ratings at two of the country's largest banks.

Dai-Ichi Kangyo Bank, the nation's largest, saw Moody's Investors Service downgrade letters of credit and its other guarantees to AA3 from AAI. The move affected $630 million of partially supported, long-term securities as well as securitized credit card and auto loan portfolios.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.