Outlooks On Sumitomo Mitsui Financial Group And Operating Banks Revised To Positive; Ratings Affirmed

We expect Sumitomo Mitsui Financial Group (SMFG) to continuously improve its capital level relative to risk-weighted assets over the medium term. We are revising the outlooks on our long-term counterparty credit ratings on SMFG and the group's core banking subsidiaries to positive from stable and affirming our counterparty credit ratings and debt ratings on these entities. The positive outlooks reflect our view that we could raise our assessment of SMFG's capital and earnings. Meanwhile, SMFG faces downward pressure from economic risk as a financial institution that operates primarily in Japan. The group is also exposed to risk of fluctuations in the amount of risk-weighted assets from its equity holdings. TOKYO (S&P Global Ratings) Nov. 29, 2016--S&P Global Ratings today said

...+ We expect Sumitomo Mitsui Financial Group (SMFG) to continuously improve its capital level relative to risk-weighted assets over the medium term. + We are revising the outlooks on our long-term counterparty credit ratings on SMFG and the group's core banking subsidiaries to positive from stable and affirming our counterparty credit ratings and debt ratings on these entities. + The positive outlooks reflect our view that we could raise our assessment of SMFG's capital and earnings. Meanwhile, SMFG faces downward pressure from economic risk as a financial institution that operates primarily in Japan. The group is also exposed to risk of fluctuations in the amount of risk-weighted assets from its equity holdings. TOKYO (S&P Global Ratings) Nov. 29, 2016--S&P Global Ratings today said it has revised the outlooks on its long-term counterparty credit ratings on Sumitomo Mitsui Financial Group Inc. (SMFG) and its core banking subsidiaries, including Sumitomo Mitsui Banking Corp., to positive...

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