Moody's: Mitsubishi bonds A1

Moody's Japan K.K. said it assigned an A1 rating to Mitsubishi Corp.'s ¥30 billion series 80 senior bonds due 2028. The outlook is stable.

The agency said Mitsubishi's A1 rating incorporates the company's good and sustainable core business franchise, ability to manage volatility in a difficult business environment, unchanged strong funding ability and good management team.

According to Moody's, counterbalancing factors influencing the rating decision include the company's high dependence on earnings from its metals and energy groups and the fundamental business risks inherent in Japanese trading companies.

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