S&P rates Bank of Tokyo-Mitsubishi bonds A+

Standard & Poor's said it assigned A+ long-term debt ratings to the 128th to 130th series of domestic unsecured straight bonds issued by Bank of Tokyo-Mitsubishi UFJ Ltd.

The ratings reflect the bank's sound financial profile on a consolidated basis, in addition to the consolidated financial profile and market position of its parent, Mitsubishi UFJ Financial Group Inc., S&P said.

The ratings are attributed to the bank's close business links with affiliated group companies and its parent's control of the group's organizational structure and capital allocation, the agency said.

The ratings on the bank are one notch higher than its stand-alone ratings, which do not reflect the possibility of government support in an emergency, given its important position in Japan's financial system, S&P said.

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