S&P gives A rating to Mitsubishi bonds

S&P said it gave its A long-term issue credit rating to Mitsubishi Corp.'s new $500 million of senior unsecured bonds.

“We equalize the issue credit rating on the bonds with our long-term issuer credit rating on the Japan-based general trading and investment company. This is because we see a limited possibility that any lenders might be significantly disadvantaged relative to other lenders, given our current issuer credit rating on and financial risk profile for Mitsubishi Corp.,” S&P said in a press release.

The outlook is stable.

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