Mitsubishi UFJ Trust and Banking New York Branch's US$5 Billion CP Program Rated 'A-1' Feb 12
- ID: 2050280
- February 2012
- Region: New York
- Standard & Poors
TOKYO (Standard & Poor's) Feb. 6, 2012--Standard & Poor's Ratings Services today assigned its 'A-1' rating to the US$5 billion commercial paper (CP) program issued by the New York branch of Mitsubishi UFJ Trust and Banking Corp. (MUTB; A+/Stable/A-1). The ratings on MUTB 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/--). The ratings also reflect MUTB's close business links with affiliated group companies and MUFG's control of the group's organizational structure and capital allocation. MUFG is Japan's largest financial group, with consolidated net assets of ¥206 trillion at the end of fiscal 2010 (ended March 31, 2011). The company...
Companies mentioned in this report are:
- Mitsubishi UFJ Trust and Banking Corp.
Action: New Rating
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