Short-Term Ratings On Sumitomo Mitsui Financial Group Affirmed And Withdrawn At The Company's Request

TOKYO (Standard&Poor's) Nov. 27, 2015--Standard&Poor's Ratings Services today said that it has affirmed its 'A-2' short-term counterparty credit ratings on Sumitomo Mitsui Financial Group Inc. (SMFG), a nonoperating holding company of the group, and withdrawn the ratings upon the company's request. Prior to the withdrawal, our short-term ratings on SMFG reflected its strong business position as one of the largest and most diversified financial institutions in Japan, as well as its above-average funding and strong liquidity, backed by a stable base of core deposits and a high level of liquid assets. On the other hand, the ratings were constrained by the group's moderate capital and earnings. We view the group's risk position as a neutral rating

...TOKYO (Standard & Poor's) Nov. 27, 2015--Standard & Poor's Ratings Services today said that it has affirmed its 'A-2' short-term counterparty credit ratings on Sumitomo Mitsui Financial Group Inc. (SMFG), a nonoperating holding company of the group, and withdrawn the ratings upon the company's request. Prior to the withdrawal, our short-term ratings on SMFG reflected its strong business position as one of the largest and most diversified financial institutions in Japan, as well as its above-average funding and strong liquidity, backed by a stable base of core deposits and a high level of liquid assets. On the other hand, the ratings were constrained by the group's moderate capital and earnings. We view the group's risk position as a neutral rating factor. Our ratings on SMFG reflect structural subordination to the group's operating entities. RELATED CRITERIA AND RESEARCH Related Criteria + Bank Hybrid Capital And Nondeferrable Subordinated Debt Methodology And Assumptions, Jan. 29, 2015...

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