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S&P downgrades MUFG Americas
S&P said it lowered the long- and short-term issuer credit ratings on MUFG Americas Holdings Corp. to A-/A-2 from A/A-1.
At the same time, the agency lowered its long-term issuer credit ratings on MUFG Union Bank, NA to A from A+ and affirmed the short-term rating at A-1.
The outlook is stable.
The downgrade follows the same action on parent Mitsubishi UFJ Financial Group, the agency said.
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