| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Sumitomo Mitsui Banking Corp. > News item |
DBRS changes SMBC view
DBRS said it confirmed the ratings of Sumitomo Mitsui Banking Corp. including its long-term issuer rating of A and the short-term issuer rating at R-1 (low).
The trend was changed to positive from stable, following the change in the trend on the A sovereign rating of Japan to positive from stable on Jan. 26.
Concurrently, DBRS maintained SMBC’s intrinsic assessment at A and the support designation at SA2.
The agency said the bank’s support designation indicates an expectation of timely systemic support in case of need, and this would lead to the incorporation of a notch of systemic uplift to the bank’s debt ratings, if the sovereign rating were to be upgraded.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.