Mitsubishi UFJ Units Among Japan Banks Downgraded by Moody’s
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Mitsubishi UFJ Financial Group Inc. units were among five Japanese lenders downgraded by Moody’s Investors Service today after it cut the nation’s credit rating.
Bank of Tokyo-Mitsubishi UFJ Ltd. and Mitsubishi UFJ Trust and Banking Corp., part of Japan’s biggest banking group, were lowered one level to A1 with a stable outlook, Moody’s said in a statement. Sumitomo Mitsui Banking Corp., Shizuoka Bank Ltd. and Chugoku Bank Ltd. also had their long-term debt ratings cut.