MUFG Americas Holdings Corp. Ratings Lowered to #A-/A-2# From #A/A-1# Following Downgrade On Outlook Stable

Stocks and Financial Services Press Releases Thursday November 30, 2017 08:47
TORONTO--30 Nov--S&P Global Ratings

TORONTO (S&P Global Ratings) Nov. 29, 2017--, S&P Global Ratings said today it lowered its long- and short-term issuer credit ratings (ICR) on MUFG Americas Holdings Corp. (MUAH) to 'A-/A-2' from 'A/A-1'. At the same time, S&P Global Ratings lowered its long-term ICR on MUFG Union Bank, N.A. to 'A' from 'A+', and affirmed its short-term rating at 'A-1'.

The outlook on these entities is stable. Our downgrade on MUAH follows the same action on its parent, MUFG (see"Ratings On Mitsubishi UFJ Financial Group And Its Major Bank Subsidiaries Lowered; Outlooks Stable" published Nov. 29, 2017, on RatingsDirect).

Our stable outlook and expectations for ratings trends on MUAH mirror those on its parent, MUFG. Our stable outlook on the MUFG group balances our view of possible downward pressure on the group's capital and earnings against the possible offsetting effect of government support that would maintain the ratings.


Latest Press Release

USD120,000 at stake in CIMBs 3D Conquest to unearth ASEANs top #digital talents Competition sets path for nurturing crucial skills in data science, FinTech and coding among tertiary students

CIMB Group Holdings Berhad ("the Group" or "CIMB") has launched the CIMB 3D Conquest, a competition that aims to identify and attract ASEAN's top creative, young digital talent with an agile and entrepreneurial mindset. Open to all tertiary students, the...

Allianz to become Worldwide Olympic Insurance Partner

The International Olympic Committee (IOC) and Allianz today announced that the insurer will join the "Worldwide Olympic Partner" (TOP) Programme in 2021. Through this sponsorship agreement, Allianz will work with the IOC to provide innovative and...

BYFX Global Co., Limited Announces Business Launch

BYFX Global Co., Limited (BYFX Global) today announced the launch of its retail and institutional business -- offering clients around the globe top-tier liquidity and online OTC trading for Spot FX and Spot Bullion[1]. Striving towards financial...

2018 Robot World to Suggest Direction for the Fourth Industrial Revolution

Showcasing the latest robot technologies from around the world, the 2018 Robot World will be held at KINTEX, Korea from October 10-13, 2018. The Robot World (eng.robotworld.or.kr/wp), celebrating its 13th anniversary this year, consists of four main...

ชวนผู้ประกอบการเรียนรู้เส้นทางความสำเร็จของสตาร์ทอัพแอปพลิเคชัน เคลมดิ อังคาร 25 ก.ย. นี้

ตลาดหลักทรัพย์ฯ ขอเชิญผู้ประกอบการ Social Enterprise (SE) SMEs และ Startup ร่วมอบรมครั้งพิเศษในโครงการ SET Social Impact Gym หัวข้อ "Fintech vs Social Startup... Lesson Learned..." พบกับสตาร์ทอัพเจ้าของแอปพลิเคชัน "เคลมดิ" (Claim Di)...

Related Topics