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Bulletin: Rating On MUFG Unaffected By Reported Capital Increase

Published Oct 27, 2008

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Abstract:

TOKYO (Standard&Poor's) Oct. 27, 2008--Standard&Poor's Ratings Services today said that a reported capital-raising plan by Mitsubishi UFJ Financial Group Inc. (MUFG; A/Stable/--) would not lead to an upward revision in the ratings or outlooks on MUFG and its subsidiaries. Some media reports have stated that MUFG may raise up to ¥1 trillion by March 31, 2009. MUFG itself announced today that the plan is still under discussion and that it would disclose the plan immediately if it is formalized. The ¥1 trillion capital increase would support MUFG's capitalization and have a positive impact on its credit quality. Yet the capital increase, if it is conducted as reported, would be as large as the capital decrease impact

Report Type:

Bulletin

Ticker

8306@JP

Issuer

Mitsubishi UFJ Financial Group Inc.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Japan

Region

Asia

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Rating On MUFG Unaffected By Reported Capital Increase" Oct 27, 2008. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Rating-On-MUFG-Unaffected-By-Reported-Capital-Increase-679102>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Rating On MUFG Unaffected By Reported Capital Increase Oct 27, 2008. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Rating-On-MUFG-Unaffected-By-Reported-Capital-Increase-679102>

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