Mitsubishi HC Capital UK PLC

Criteria Financial Institutions General: Financial Institutions Rating Methodology, Dec. 9, 2021 Criteria Financial Institutions Banks: Banking Industry Country Risk Assessment Methodology And Assumptions, Dec. 9, 2021 General Criteria: Environmental, Social, And Governance Principles In Credit Ratings, Oct. 10, 2021 General Criteria: Group Rating Methodology, July 1, 2019 Criteria Financial Institutions General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 Methodology For Linking Long-Term And Short-Term Ratings, April 7, 2017 General Criteria: Guarantee Criteria, Oct. 21, 2016 Principles Of Credit Ratings, Feb. 16, 2011 Mitsubishi HC Capital UK PLC 'A-2' Short-Term Rating Affirmed Following Group Status Revision, July 8, 2022 Research Update: Mitsubishi HC Capital UK PLC 'A-' Long-Term Rating Withdrawn At The Company's Request; 'A-2'

...Key strengths Key risks Wholly owned subsidiary of Mitsubishi HC Capital (MHC). Exposure to leveraged U.K. household sector via consumer finance business. Well-diversified U.K. financial services company, and MHC's sole operator in the U.K. High competition in other U.K. lending markets, weighing on profitability. Stable earnings track record thanks to diversified business lines....

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