Ratings On Mitsubishi UFJ Financial Group And Its Major Bank Subsidiaries Lowered; Outlooks Stable - S&P Global Ratings’ Credit Research

Ratings On Mitsubishi UFJ Financial Group And Its Major Bank Subsidiaries Lowered; Outlooks Stable

Ratings On Mitsubishi UFJ Financial Group And Its Major Bank Subsidiaries Lowered; Outlooks Stable - S&P Global Ratings’ Credit Research
Ratings On Mitsubishi UFJ Financial Group And Its Major Bank Subsidiaries Lowered; Outlooks Stable
Published Nov 29, 2017
5 pages (1920 words) — Published Nov 29, 2017
Price US$ 150.00  |  Buy this Report Now

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Abstract:

We have lowered the anchor for Mitsubishi UFJ Financial Group to 'bbb+', based on our view of an increase in MUFG's exposure to higher risk countries outside Japan. We are lowering our long-term rating on MUFG to 'A-' and those on its major banking subsidiaries to 'A'. We are affirming our short-term ratings on the subsidiaries. The stable outlooks reflect our view that we expect creditworthiness to remain at current levels given a likelihood of extraordinary government support. TOKYO (S&P Global Ratings) Nov. 29, 2017--S&P Global Ratings today said it has lowered its long-term issuer credit rating on Mitsubishi UFJ Financial Group Inc. (MUFG) to 'A-' from 'A' and its long-term issuer credit ratings on its major banking subsidiaries, which

  
Brief Excerpt:

...+ We have lowered the anchor for Mitsubishi UFJ Financial Group to '###+', based on our view of an increase in MUFG's exposure to higher risk countries outside Japan. + We are lowering our long-term rating on MUFG to 'A-' and those on its major banking subsidiaries to 'A'. We are affirming our short-term ratings on the subsidiaries. + The stable outlooks reflect our view that we expect creditworthiness to remain at current levels given a likelihood of extraordinary government support. TOKYO (S&P Global Ratings) Nov. 29, 2017--S&P Global Ratings today said it has lowered its long-term issuer credit rating on Mitsubishi UFJ Financial Group Inc. (MUFG) to 'A-' from 'A' and its long-term issuer credit ratings on its major banking subsidiaries, which are core banking subsidiaries of the group, including Bank of Tokyo-Mitsubishi UFJ Ltd., to 'A' from 'A+'. The outlooks on the long-term issuer credit ratings are stable. At the same time, we lowered to 'A-' from 'A' our issue ratings on MUFG's...

  
Report Type:

Ratings Action

Ticker
8306@JP
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Asia
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Ratings On Mitsubishi UFJ Financial Group And Its Major Bank Subsidiaries Lowered; Outlooks Stable" Nov 29, 2017. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Mitsubishi-UFJ-Financial-Group-And-Its-Major-Bank-Subsidiaries-Lowered-Outlooks-Stable-1957355>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Mitsubishi UFJ Financial Group And Its Major Bank Subsidiaries Lowered; Outlooks Stable Nov 29, 2017. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Mitsubishi-UFJ-Financial-Group-And-Its-Major-Bank-Subsidiaries-Lowered-Outlooks-Stable-1957355>
  
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