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Published on 10/16/2023 in the Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Moody’s rates Mitsubishi UFJ notes Baa3

Moody's Investors Service said it assigned a (P)Baa3(hyb) rating to Mitsubishi UFJ Financial Group, Inc.'s (MUFG) planned dollar-denominated, perpetual, non-cumulative and subordinated additional tier 1 securities.

“The (P)Baa3(hyb) rating is positioned three notches below the a3 adjusted baseline credit assessment (BCA) of MUFG's core subsidiary banks, MUFG Bank, Ltd. and Mitsubishi UFJ Trust and Banking Corp., in line with Moody's standard notching guidance for additional tier 1 securities. Moody's refers to the two banks collectively as the MUFG banks,” the agency said in a statement.

The outlook is stable.


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