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Bulletin: Ratings On MUFG And BTMU Unaffected By Takeover Bid For Bank of Ayudhya

Published Jul 03, 2013

1170 words — Published Jul 03, 2013

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Abstract:

TOKYO (Standard&Poor's) July 3, 2013--Standard&Poor's Ratings Services said today that its ratings on Mitsubishi UFJ Financial Group Inc. (A/Stable/--) and Bank of Tokyo-Mitsubishi UFJ Ltd. (A+/Stable/A-1), the main operating bank of MUFG, would not be affected by MUFG's announcement of its plan to acquire Bank of Ayudhya (BAY; BBB-/Stable/A-3) and make it its subsidiary. MUFG says the maximum amount of the takeover bid (TOB) will be about ¥560 billion. Although a successful TOB will slightly lower MUFG's consolidated risk-adjusted capital (RAC) ratio, we believe it would not lead us to lower our assessment of the bank's "capital and earnings," which is one of the analytical factors for our ratings on MUFG. Accordingly, the TOB will not

Brief Excerpt:

RESEARCH Bulletin: Ratings On MUFG And BTMU Unaffected By Takeover Bid For Bank of Ayudhya Publication date: 03-Jul-2013 Primary Credit Analyst: Ryoji Yoshizawa, Tokyo (81) 3-4550-8453; ryoji.yoshizawa@standardandpoors.com Secondary...

Report Type:

Bulletin

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:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Ratings On MUFG And BTMU Unaffected By Takeover Bid For Bank of Ayudhya" Jul 03, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-MUFG-And-BTMU-Unaffected-By-Takeover-Bid-For-Bank-of-Ayudhya-1155467>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Ratings On MUFG And BTMU Unaffected By Takeover Bid For Bank of Ayudhya Jul 03, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Ratings-On-MUFG-And-BTMU-Unaffected-By-Takeover-Bid-For-Bank-of-Ayudhya-1155467>

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