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.


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