Mitsubishi HC Capital UK PLC 'A-' Long-Term Rating Withdrawn At The Company's Request; 'A-2' Short-Term Rating Affirmed

LONDON (S&P Global Ratings) April 11, 2022--S&P Global Ratings said today that it has withdrawn its 'A-' long-term issuer credit rating on Mitsubishi HC Capital UK PLC (MHCCUK) at the company's request. The outlook was negative at the time of withdrawal, indicating that the entity's relevance to its parent group could potentially change following the merger of Hitachi Capital Corp. with Mitsubishi UFJ Lease and Finance. We affirmed our short-term issuer credit rating on MHCCUK at 'A-2'. If we altered our assessment of MHCCUK's group status to highly strategic from core, it would not affect the short-term rating. The long-term issue ratings on MHCCUK's $5.5 billion medium-term note program and senior unsecured notes have been maintained at 'A-', based on

...April 11, 2022 LONDON (S&P Global Ratings) April 11, 2022--S&P Global Ratings said today that it has withdrawn its 'A-' long-term issuer credit rating on Mitsubishi HC Capital UK PLC (MHCCUK) at the company's request. The outlook was negative at the time of withdrawal, indicating that the entity's relevance to its parent group could potentially change following the merger of Hitachi Capital Corp. with Mitsubishi UFJ Lease and Finance. We affirmed our short-term issuer credit rating on MHCCUK at 'A-2'. If we altered our assessment of MHCCUK's group status to highly strategic from core, it would not affect the short-term rating. The long-term issue ratings on MHCCUK's $5.5 billion medium-term note program and senior unsecured notes have been maintained at 'A-', based on a guarantee from Mitsubishi HC Capital Inc. (A-/Stable/A-2)....

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