Sumitomo Mitsui Financial Group's (TYO:8316) perpetual, subordinated additional tier 1 notes have gained a BB+ long-term issue credit rating from S&P Global Ratings, according to a Wednesday release.
The rating on the $1.25 billion notes is five notches below S&P's assessment of the banking group's "a" standalone credit profile, since the rating agency does not expect extraordinary government support.
Due to structural subordination, the rating is also a notch below the company's standalone credit profile.
The notes have intermediate equity content, anchoring S&P's view that the group's capital levels will be sustained in the next 12 to 24 months.
The notes will also boost the bank's diversification efforts for its long-term foreign currency profile funding, S&P said.
Price (JPY): $3917.00, Change: $-72, Percent Change: -1.80%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。