Moody's rates Bank of Tokyo-Mitsubishi notes Aa3

Moody's Investors Service said it assigned a provisional Aa3 rating to the Bank of Tokyo-Mitsubishi UFJ, Ltd. Sydney Branch's A$3 billion Australian debt issuance program, through which it can issue senior unsecured debt securities.

The agency also said it assigned an Aa3 rating to the A$300 million senior notes due 2015 issued by the bank, which is a takedown from the program.

The outlook is stable.

The ratings reflect the very high systemic support probability of Japan, Moody's said.

The ratings also consider an assessment of parent company Mitsubishi UFJ Financial Group Inc. as a medium-sized institution with adequate financial standing, including its valuable franchise in Japan's retail and wholesale banking and fiduciary markets, along with the higher volatility in its profitability and revenue structure, the agency said.

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