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S&P lowers MUFG Bank (Europe)
S&P said it lowered the long-term issuer credit rating on MUFG Bank (Europe) NV to A from A+ and affirmed the A-1 short-term issuer credit rating.
The outlook is negative.
The agency said the action mirrors the lowering of the long-term issuer credit rating on the bank’s parent, Bank of Tokyo-Mitsubishi UFJ Ltd., to A from A+.
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