S&P rates Bank of Tokyo-Mitsubishi bonds A+

Standard & Poor's said it assigned A+ long-term debt ratings to Bank of Tokyo-Mitsubishi UFJ Ltd.'s ¥15 billion 0.25% 142nd series of unsecured straight bonds due April 22, 2016; ¥30 billion 0.34% 143rd series of unsecured straight bonds due April 23, 2018; and ¥10 billion 0.685% 144th series of unsecured straight bonds due April 21, 2023.

The ratings reflect the bank's sound financial profile on a consolidated basis, in addition to the consolidated financial profile and market position of its parent, Mitsubishi UFJ Financial Group Inc., the agency said.

The ratings also reflect the bank's close business links with affiliated group companies and Mitsubishi UFJ Financial Group's control of the group's organizational structure and capital allocation, S&P said.

The company boasts a strong business base in the domestic market, supported by the integrated financial services that it provides to individual and institutional investors, small and midsize enterprises and large corporations, the agency said.

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