TOKYO (Standard&Poor's) Feb. 10, 2003--Standard&Poor's Ratings Services said today that Mitsubishi Tokyo Financial Group Inc.'s (MTFG) planned stock issue would not lead to an immediate revision of its ratings on MTFG banks Bank of Tokyo-Mitsubishi Ltd. (BBB+/Negative/A-2) and Mitsubishi Trust&Banking Corp. (BBB+/Negative/A-2). According to an announcement by MTFG on Feb. 7, 2003, the holding company will sell 454,000 stocks and about 155,000 treasury stocks. The group is also considering selling an additional 50,000 shares by allotment. The total increase in capital could be as large as ¥410 billion (based on closing stock prices as of Feb. 7, 2003). The plan is regarded as a positive move for the group, as the capital increase will
