Moody's Japan K.K. has today affirmed the A3 issuer and senior unsecured debt ratings of Mitsubishi UFJ Lease & Finance Co., Ltd. (MUL). Moody's has also affirmed MUL Asset Finance Corporation's (MAF) (P)A3 backed senior unsecured MTN rating. This ratings affirmation follows MUL's announcement that it has agreed to merge with Hitachi Capital Corporation (Prime-2) effective 1 April 2021.
This ratings affirmation follows Hitachi Capital's announcement that it has agreed to merge with Mitsubishi UFJ Lease & Finance Co., Ltd. (MUL, A3 stable) effective 1 April 2021. The affirmation of Hitachi Capital's ratings reflects Moody's view that the merger with MUL will not materially alter the company's financial profile.
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