Moody’s reviews Mitsubishi UFJ Trust International

Moody's Japan K.K. said it placed the A1 long-term domestic and foreign currency issuer ratings of Mitsubishi UFJ Trust International Ltd. under review for downgrade.

Moody’s said the review reflects the downgrade of the long-term deposit and debt ratings of its parent Mitsubishi UFJ Trust and Banking Corp. (MUTB, A1 stable, C/a3 stable) to A1 from Aa3, following the downgrade of the Japanese government bonds rating to A1 from Aa3.

Mitsubishi UFJ Trust International’s A1 ratings take into consideration Moody's view of the very high probability of support from its parent MUTB in the event of stress given its strategic importance to MUTB.

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