Bank of Tokyo-Mitsubishi, Mitsubishi Trust, Sumitomo Trust on CreditWatch Positive - S&P Global Ratings’ Credit Research

Bank of Tokyo-Mitsubishi, Mitsubishi Trust, Sumitomo Trust on CreditWatch Positive

Bank of Tokyo-Mitsubishi, Mitsubishi Trust, Sumitomo Trust on CreditWatch Positive - S&P Global Ratings’ Credit Research
Bank of Tokyo-Mitsubishi, Mitsubishi Trust, Sumitomo Trust on CreditWatch Positive
Published Mar 24, 2004
4 pages (1565 words) — Published Mar 24, 2004
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TOKYO (Standard&Poor's) March 24, 2004--Standard&Poor's Rating Services today placed on CreditWatch with positive implications its long-term credit ratings on Bank of Tokyo-Mitsubishi Ltd. (BTM; BBB+/Watch Pos/A-2), Mitsubishi Trust&Banking Corp. (BBB+/Watch Pos/A-2), Mitsubishi Securities Co. Ltd. (BBB/Watch Pos/--), and Sumitomo Trust&Banking Co. Ltd. (BBB/Watch Pos/A-2), based on expectations that the banks will show clear signs of improvement in their financial performance for fiscal 2003. In resolving the CreditWatch placement, Standard&Poor's will examine the banks' performance for the full fiscal 2003 (ending March 31, 2004) and the degree of improvement in their financial profiles. The ratings on Mitsubishi Securities were placed on CreditWatch in line with the ratings on its parent, BTM.

  
Brief Excerpt:

...TOKYO (Standard & Poor's) March 24, 2004--Standard & Poor's Rating Services today placed on CreditWatch with positive implications its long-term credit ratings on Bank of Tokyo-Mitsubishi Ltd. (BTM; ###+/Watch Pos/A-2), Mitsubishi Trust & Banking Corp. (###+/Watch Pos/A-2), Mitsubishi Securities Co. Ltd. (###/Watch Pos/--), and Sumitomo Trust & Banking Co. Ltd. (###/Watch Pos/A-2), based on expectations that the banks will show clear signs of improvement in their financial performance for fiscal 2003. In resolving the CreditWatch placement, Standard & Poor's will examine the banks' performance for the full fiscal 2003 (ending March 31, 2004) and the degree of improvement in their financial profiles. The ratings on Mitsubishi Securities were placed on CreditWatch in line with the ratings on its parent, BTM. Any upgrade of these entities is likely to be within one notch. The overall financial profile of Japan's major banks remains weaker than that of their international peers. However, BTM,...

  
Report Type:

Ratings Action

Ticker
8306@JP
Issuer
Mitsubishi UFJ Financial Group Inc.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Japan
Region
Asia
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bank of Tokyo-Mitsubishi, Mitsubishi Trust, Sumitomo Trust on CreditWatch Positive" Mar 24, 2004. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Tokyo-Mitsubishi-Mitsubishi-Trust-Sumitomo-Trust-on-CreditWatch-Positive-2765390>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank of Tokyo-Mitsubishi, Mitsubishi Trust, Sumitomo Trust on CreditWatch Positive Mar 24, 2004. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Tokyo-Mitsubishi-Mitsubishi-Trust-Sumitomo-Trust-on-CreditWatch-Positive-2765390>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.