...+ We reviewed our ratings on the companies of the MUFG and SMBC groups after revising our outlook on the long-term sovereign rating on Japan to positive from stable. + We do not incorporate government support in our ratings on the companies of both groups because the unsupported group credit profiles (GCP) of the groups are close to the level of our long-term sovereign rating on Japan. Our outlook revision on Japan has increased the likelihood for us to incorporate that. + We are revising upward to positive the outlooks on seven core subsidiaries of both groups, including their major bank subsidiaries, and affirming the issuer credit ratings on them. + We are also revising the outlooks on MUFG and SMFG, the holding companies of both groups, to positive and affirming the long-term issuer credit ratings on them. TOKYO (S&P Global Ratings) April 16, 2018--S&P Global Ratings today said that it has revised to positive from stable its outlooks on the long-term issuer credit ratings on nine companies...
