TOKYO (Standard&Poor's) Jan. 15, 2007--Standard&Poor's Ratings Services today assigned its 'BBB' long-term debt ratings to the noncumulative preferred securities issued by MUFG Capital Finance 4 Ltd. (Euro denominated) and MUFG Capital Finance 5 Ltd. (GBP denominated). Both entities are overseas special purpose companies wholly owned by Mitsubishi UFJ Financial Group Inc. (MUFG; A-/Positive/--). The ratings on the preferred securities reflect the deferability of dividend payments, the terms and conditions of the issuance, and the overall financial strength of MUFG. Following a recovery in net income, the group's distributable amount is adequate and is unlikely to decrease substantially, given MUFG's reduced NPLs and stock holdings. The financial strength of MUFG reflects its own sound financial profile and
