S&P rates Bank of Tokyo-Mitsubishi (Holland) A+

Standard & Poor’s said it assigned A+ long-term and A-1 short-term counterparty credit ratings to Bank of Tokyo-Mitsubishi UFJ (Holland).

The outlook is stable.

The ratings reflect a view that the bank is a core subsidiary of its parent, Bank of Tokyo-Mitsubishi UFJ Ltd., S&P said.

The Holland bank operates in lines of business integral to the group’s overall strategy, the agency said, and plays an integral role within its commercial growth strategy in Europe.

The banks are closely linked in reputation and the Holland bank is dependent on the group’s brand name recognition as it shares the same name, S&P said.

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