Mitsubishi UFJ Financial Group And BTMU Ratings Affirmed On Danamon Deal; Outlooks Stable

Bank of Tokyo-Mitsubishi UFJ, a core operating bank of Mitsubishi UFJ Financial Group, has announced that it will acquire shareholding interests in Indonesia-based Danamon. Even after incorporating the planned acquisition in our base-case scenario for MUFG, we view that its risk-adjusted capital ratio will improve and remain slightly above 7% over the next one to two years. We are affirming our ratings on MUFG and BTMU. The outlooks remain stable. TOKYO (S&P Global Ratings) Dec. 28, 2017--S&P Global Ratings today said it has affirmed its long-term issuer credit rating on Mitsubishi UFJ Financial Group Inc. (MUFG) at 'A-'. We have also affirmed our issuer credit ratings on Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU) at 'A/A-1', which we assess as a

...+ Bank of Tokyo-Mitsubishi UFJ, a core operating bank of Mitsubishi UFJ Financial Group, has announced that it will acquire shareholding interests in Indonesia-based Danamon. + Even after incorporating the planned acquisition in our base-case scenario for MUFG, we view that its risk-adjusted capital ratio will improve and remain slightly above 7% over the next one to two years. + We are affirming our ratings on MUFG and BTMU. + The outlooks remain stable. TOKYO (S&P Global Ratings) Dec. 28, 2017--S&P Global Ratings today said it has affirmed its long-term issuer credit rating on Mitsubishi UFJ Financial Group Inc. (MUFG) at 'A-'. We have also affirmed our issuer credit ratings on Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU) at 'A/A-1', which we assess as a core operating bank of MUFG. The outlooks on the long-term issuer credit ratings remain stable. We have affirmed all our issue ratings assigned to MUFG and BTMU. Our affirmation follows BTMU's announcement on Dec. 26 that it has reached a...

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