Fitch Assigns F1 Rating to Mizuho Markets Cayman's Notes

Fitch Ratings has given Mizuho Markets Cayman's senior guaranteed notes an F1 short-term rating, according to a Tuesday release.

The $213.9 million notes maturing Jan. 17, 2025 and $50 million notes maturing April 25, 2025 are issued under a $10 billion medium-term note program guaranteed by Japan's Mizuho Bank.

Both Mizuho Markets Cayman and Mizuho Bank operate under Mizuho Financial Group (TYO:8411).

The guaranteed notes' rating is similar to Mizuho Bank's short-term issuer default rating, with changes in the latter to prompt similar actions on the notes, Fitch said.

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