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Mitsubishi UFJ Financial Group, Inc. Message Board

  • bluecheese4u bluecheese4u Aug 28, 2007 8:42 AM Flag

    rating upgrades reflect the banks' continuous improvements in capital & asset quality

    Mitsubishi UFJ Financial's opg banks' IDRs, individual ratings raised - Fitch


    MUMBAI (Thomson Financial) - Fitch Ratings has upgraded the long-term foreign and local currency issuer default ratings and individual ratings of Mitsubishi UFJ Financial Group's (MUFG) operating banks - Bank of Tokyo-Mitsubishi UFJ (BTMU) and Mitsubishi UFJ Trust and Banking Corp(MUTB).

    The rating upgrades reflect the banks' continuous improvements in capital and asset quality as well as underlying operating profitability, the ratings agency said.

    The rating outlooks for both banks are constrained by uncertainties, via the group, over the near-term profitability of its non-bank finance subsidiaries and affiliates, as well as the banking systems outside Japan, Fitch said.

    BTMU's long-term foreign and local currency IDRs and senior unsecured debt ratings have been upgraded to 'A+' from 'A' with a stable outlook. While the individual rating was upgraded to 'B' from 'B/C', senior subordinated debt ratings were upgraded to 'A' from 'A-', Fitch said.

    MUTB's long-term foreign and local currency IDRs, senior unsecured debt ratings have been upgraded to 'A+' from 'A'. The individual rating has been upgraded to 'B' from 'B/C' and senior subordinated debt ratings have been upgraded to 'A' from 'A-' with a stable outlook, Fitch added

    http://www.forbes.com/afxnewslimited/feeds/afx/2007/08/28/afx4058815.html

 
MTU
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