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MHTB is the core lender of Mizuho Financial Group Inc's (TYO:8411) Global Asset & Wealth Management Group and the rating reflects the creditworthiness of the entire group, the agency noted.
The rating on the dated subordinated bonds is one notch lower than MHTB's issuer rating of A+ as they are expected to constitute subordinated obligations, R&I added.
Moody's has withdrawn the credit ratings on MHTB's existing domestic
MHTB's long term global local currency (GLC) deposit rating is at the A1,
combined banking operations comprising MHTB, Mizuho Corporate Bank, Ltd.
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