TOKYO -- An agreement by about 90 creditors to bail out three nonbank affiliates of Nippon Credit Bank Ltd. is likely to set the pattern for future nonbank rescues, industry analysts said.

"Major creditor banks can no longer bear the burden of supporting nonbanks alone," said Arami Kurai, an industry analyst at Nomura Research Institute Ltd.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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