
When the bank's all ratings were confirmed. The last rating action with respect to SMBC was on August 25, 2009, The last rating action with respect to BTMU and MUTB was on August 12,Ģ009, when all the ratings were confirmed.

The government rating would result in a downgrade in their ratings,Ībsent a material improvement in their standalone credit quality. Ratings for the Japanese banks, and which reflect their standaloneĬredit quality and Moody's assumptions about the systemic supportĪvailable to the banking sector in times of stress.Īt the Aa level ratings of the Mega-Banks, a downgrade of The government debt rating is a key input into the supported senior unsecured Of Japan's bond ratings to negative from stable. The change in outlook follows the change in outlook for the Government International plc, and Mizuho Securities USA Inc.) MHCB subsidiaries, as supported by a keep-well letterįrom MHCB (Mizuho Securities Co., Ltd., Mizuho SMBC subsidiaries, as supported by a keep-well letterįrom SMBC (Sumitomo Mitsui Banking Corporation Europe Limited, and Sumitomo Mitsui Banking Corporation (SMBC) Ltd., and Mitsubishi UFJ Trust International Limited) International plc, Mitsubishi UFJ Securities (HK) Capital, Holdings Co., Ltd., Mitsubishi UFJ Securities Securities Co., Ltd., Mitsubishi UFJ Securities Letter or guarantee from BTMU and MUTB (Mitsubishi UFJ Morgan Stanley

BTMU and MUTB subsidiaries, as supported by a keep-well Mitsubishi UFJ Trust Banking Corporation (MUTB) Systemic support has not been incorporated - were unaffected. Ratings, and preferred securities ratings - in which Their Prime-1 short-term ratings, Bank Financial Strength has changed the rating outlookįor the long-term ratings of the related issuers of three Japanese
