Moody's rates Mitsubishi loan A1

Moody's Japan KK said it assigned a provisional A1 rating to the proposed series 16 unsecured floating-rate syndicated loan for Mitsubishi Corp.

The outlook is stable.

In Moody's understanding, this term loan will be syndicated to a number of domestic Japanese regional financial institutions. It will be disbursed on July 24 and will have a maturity of seven years.

The loan will rank pari passu with the company's other unsecured obligations, including bilateral bank loans and publicly issued bonds.

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