Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sumitomo Mitsui Financial Group, Inc. > News item |
Moody’s rates Sumitomo Mitsui notes Baa3
Moody's Investors Service said it assigned a Baa3(hyb) rating to Sumitomo Mitsui Financial Group, Inc.'s $1 billion of perpetual, non-cumulative and subordinated additional tier 1 (AT1) securities.
“The Baa3(hyb) rating is positioned three notches below the a3 adjusted baseline credit assessment (BCA) of SMFG's main operating subsidiary, Sumitomo Mitsui Banking Corp. (SMBC), in line with Moody's standard notching guidance for AT1 securities,” the agency said in a press release.
The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.