Moody's rates Sumitomo bonds A2

Moody's Japan KK said it assigned an A2 rating to the bonds issued by Sumitomo Corp. Capital Europe plc, an overseas subsidiary of Sumitomo Corp.

The outlook is stable.

Moody's said Sumitomo's A2 ratings incorporate the company's: (a) well-diversified business portfolio; (b) a relatively low dependence on earnings from its energy and metals products businesses; and (c) a conservative financial policy.

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