Bank of Tokyo-Mitsubishi UFJ Ltd.

Stronger capitalization than other major Japanese banks NPL disposal has improved asset quality Low profitability by international standards Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU) is the core commercial banking unit of Mitsubishi UFJ Financial Group Inc. (MUFG; A-/Stable/--). MUFG, the parent and holding company of BTMU, is Japan's largest banking group, with consolidated gross assets of ¥187 trillion as of March 2006. The rating on BTMU reflects the group's consolidated financial profile and market position, as well as its stand-alone financial position. This is attributable to BTMU's close business links with group companies and the holding company's power over the group's organizational structure and capital distribution. MUFG's capitalization remains stronger than that of its domestic peers. The group's Tier 1

... Counterparty Credit A/Stable/A-1 Certificate of deposit A/A-1 Senior unsecured A Commercial paper Foreign currency A-1 Subordinated A- Junior subordinated Foreign currency ###+ Bank survivability assessment Local currency A+ Credit Rating History Jan. 2, 2006 A/A-1 Sovereign Rating Japan ##-/Positive/A-1+ Related Entities Mitsubishi UFJ Financial Group Inc. Counterparty Credit A-/Stable Senior unsecured Local currency A- Mitsubishi UFJ Trust & Banking Corp. Counterparty Credit A/Stable/A-1 Certificate of deposit A/A-1 Bank survivability assessment Local currency A+ BOT Lease Co. Ltd. Counterparty Credit ###+/Stable/A-2 Senior unsecured ###+ Short-Term debt A-2 BTMU (Curacao) Holdings N.V. Subordinated Foreign currency ## Mitsubishi UFJ Securities Co. Ltd. Counterparty Credit A/Stable Senior unsecured Local currency A...

Full Report