Fitch Ratings has given an A- rating to Mizuho Financial Group's (TYO:8411) 650 million euro senior unsecured notes, according to a Wednesday release.
The notes' rating is equivalent to the Japanese company's long-term issuer default rating, with actions on the latter to trigger similar movements on the notes.
The notes will be part of the company's total loss-absorbing capacity (TLAC) requirements.
Fitch expects the company to further issue TLAC-eligible debt and hit the requirement comfortably with a buffer.
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