...July 8, 2022 - We revised Mitsubishi HC Capital UK PLC's (MHCCUK) group status to highly strategic from core, because we think it may be marginally less integral to its parent's future strategy. - The highly strategic status reflects MHCCUK's strong profitability and good market positioning in the U.K. and a still high likelihood that it would receive parental support if needed. - The change in group status does not affect our short-term issuer credit rating on MHCCUK, which we affirmed at 'A-2'. LONDON (S&P Global Ratings) July 8, 2022--S&P Global Ratings today affirmed its 'A-2' short-term issuer credit rating on Mitsubishi HC Capital UK PLC (MHCCUK). MHCCUK is an internationally active member of an enlarged group. It is part of the Japan-headquartered Mitsubishi HC Capital (MHC) group, which merged with MHCCUK's former parent, Hitachi Capital Corp., in April 2021. While the U.K. and the rest of Europe remain important markets for the group, we think they may play a slightly reduced role...
