Ratings On Sumitomo Mitsui Financial Group And Core Subsidiaries Affirmed; Outlooks Remain Positive

We hold the view that Sumitomo Mitsui Financial Group (SMFG) will continue to improve its risk-adjusted capital over the medium term. We are affirming our counterparty credit ratings on SMFG and its core subsidiaries and are removing them from under criteria observation (UCO), where we had placed them on July 20, 2017. We are also affirming our debt ratings on SMFG and its core subsidiaries. The outlooks on SMFG and its core subsidiaries remain positive, reflecting our view that we could revise upward our assessment of SMFG's capital and earnings. TOKYO (S&P Global Ratings) Aug. 3, 2017--S&P Global Ratings today said it has affirmed its counterparty credit ratings on Sumitomo Mitsui Financial Group Inc. (SMFG) and its core subsidiaries, including

...+ We hold the view that Sumitomo Mitsui Financial Group (SMFG) will continue to improve its risk-adjusted capital over the medium term. + We are affirming our counterparty credit ratings on SMFG and its core subsidiaries and are removing them from under criteria observation (UCO), where we had placed them on July 20, 2017. We are also affirming our debt ratings on SMFG and its core subsidiaries. + The outlooks on SMFG and its core subsidiaries remain positive, reflecting our view that we could revise upward our assessment of SMFG's capital and earnings. TOKYO (S&P Global Ratings) Aug. 3, 2017--S&P Global Ratings today said it has affirmed its counterparty credit ratings on Sumitomo Mitsui Financial Group Inc. (SMFG) and its core subsidiaries, including Sumitomo Mitsui Banking Corp. (see ratings list below). The outlooks on our long-term counterparty credit ratings on SMFG and its core subsidiaries remain positive. At the same time, we have removed our counterparty credit ratings on SMFG...

Ratings Action