Fitch Ratings has given an A- rating on Mitsubishi UFJ Financial Group's (TYO:8306) senior unsecured notes, according to a Monday release.
The notes consist of a 650 million euro six-year tranche and a 1 billion euro 11-year tranche.
The financial group will use the instruments as part of its total loss-absorbing capacity (TLAC) requirements.
Fitch believes the company will further issue TLAC-qualified debt while complying with the requirement with ample headroom.
The notes' rating is similar to the company's long-term issuer default rating, with changes in the latter to prompt similar actions on the notes, Fitch said.
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