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Bulletin: Ratings On Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ FG Unaffected By Bid For UNBC

Published Aug 13, 2008

506 words — Published Aug 13, 2008

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Abstract:

TOKYO (Standard&Poor's) Aug. 13, 2008--Standard&Poor's Ratings Services said today that its ratings on Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU; A+/Stable/A-1) and Mitsubishi UFJ Financial Group Inc. (MUFG; A/Stable/--) would not be affected by a cash tender offer from BTMU for UnionBanCal Corp. (UNBC: A/Stable/A-1). Under the deal, UNBC would become a wholly owned subsidiary of MUFG, which is the holding company of BTMU. BTMU and its parent said yesterday that BTMU had made a cash tender offer for all outstanding common stock of UNBC. UNBC is already a consolidated subsidiary of BTMU and MUFG, with MUFG currently holding a 65.4% stake in the firm through BTMU and other affiliates. The funds required to complete the acquisition

Brief Excerpt:

RESEARCH Bulletin: Ratings On Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ FG Unaffected By Bid For UNBC Publication date: 13-Aug-2008 Primary Credit Analyst: Ryoji Yoshizawa, Tokyo (81) 3-4550-8453; ryoji_yoshizawa@standardandpoors.com...

Report Type:

Bulletin

Ticker

8315@JP

Issuer

MUFG Bank Ltd.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

Japan

Region

United States

Format:

HTML

Two Bank of Tokyo Mitsubishi UFJ LOC-Sup Bond Rtgs Put On Watch;CP Watch Placement Corrected – 2008/09/25 – US$ 150.00

Ratings On 2 Bank Of Tokyo-Mitsubishi UFJ LOC-Supported Bonds Off Watch Neg; 1 Rating Affirmed – 2008/10/03 – US$ 150.00

Banking Industry Country Risk Assessment On Japan Revised Upward To Group 2 – 2009/06/19 – US$ 150.00

Bank of Tokyo-Mitsubishi UFJ Ltd. – 2009/09/03 – US$ 500.00

Summary: Bank of Tokyo-Mitsubishi UFJ Ltd. – 2009/09/03 – US$ 225.00

Bank of Tokyo-Mitsubishi UFJ Ltd. – 2007/10/18 – US$ 500.00

Summary: Bank of Tokyo-Mitsubishi UFJ Ltd. – 2007/10/18 – US$ 225.00

Bulletin: Ratings On Bank of Tokyo-Mitsubishi UFJ Unaffected By FSA Partial Suspension Order – 2007/02/15 – Free

Summary: Bank of Tokyo-Mitsubishi UFJ Ltd. – 2006/08/31 – US$ 225.00

Bank of Tokyo-Mitsubishi UFJ Ltd. – 2006/08/31 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Ratings On Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ FG Unaffected By Bid For UNBC" Aug 13, 2008. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Bank-of-Tokyo-Mitsubishi-UFJ-Mitsubishi-UFJ-FG-Unaffected-By-Bid-For-UNBC-664800>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Ratings On Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ FG Unaffected By Bid For UNBC Aug 13, 2008. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-Bank-of-Tokyo-Mitsubishi-UFJ-Mitsubishi-UFJ-FG-Unaffected-By-Bid-For-UNBC-664800>

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