Moody's rates Bank of Tokyo-Mitsubishi notes Aa3

Moody's Japan K.K. said it assigned its Aa3 ratings to the senior notes issued by Bank of Tokyo-Mitsubishi UFJ, Ltd.

The bond issues are:

• $650 million senior notes, due Sept. 9, 2016;

• $850 million senior notes, due Sept. 9, 2016;

• $1 billion senior notes, due Sept. 9, 2018; and

• $500 million senior notes, due Sept. 9, 2023.

The outlook is stable.

Moody's said the Aa3 ratings incorporate: (a) BTMU's C standalone bank financial strength rating, which maps to a3 on the long-term scale; and (b) Moody's assessment of the "very high" probability of systemic support, given the bank's importance to Japan's financial system.

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