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Bank of Tokyo-Mitsubishi UFJ Ltd. Sep 09
Standard & Poors, Sep 2009
Abstract Higher capital quality than its major domestic peers Adequate risk management system Potential support from government if necessary Profitability below average of major financial groups Risk of rise in credit costs due to economic downturn Impairment of marketable securities due to sluggish share prices Appraisal and impairment losses given the deteriorating domestic equity market and overseas asset-backed securities (ABS) market The ratings on Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU; A+/Stable/A-1) reflect its sound financial profile on a consolidated basis in addition to the consolidated financial profile and market position of its parent, Mitsubishi UFJ Financial Group Inc. (MUFG; A/Stable/--), Japan's largest banking group. The ratings are attributed to BTMU's close business links with affiliated group companies and MUFG's control of...
Companies mentioned in this report are: Bank of Tokyo-Mitsubishi UFJ Ltd.,Union Bank N.A.,Mitsubishi UFJ Trust and Banking Corp.,UnionBanCal Corp.,UFJ Finance Aruba AEC,Master Trust Bank of Japan Ltd.,ACOM Co. Ltd.,BOT Lease Co. Ltd.,Mitsubishi UFJ Financial Group Inc.,MUFG Capital Finance 1 Ltd.,MUFG Capital Finance 2 Ltd.,MUFG Capital Finance 3 Ltd.,MUFG Capital Finance 4 Ltd.,MUFG Capital Finance 5 Ltd.,Bank of Tokyo-Mitsubishi UFJ (China) Ltd.,Bank of Tokyo-Mitsubishi UFJ Ltd. (Paris Branch) Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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