Moody’s Investor Services has revised the bank financial strength rating for Mizuho Corporate Bank, Ltd., Mizuho Bank, Ltd., and Mizuho Trust & Banking Co., Ltd., which all conduct business under the MHFG umbrella.
The ratings agency bank financial strength rating evaluation is based on an alphabetical scale from A to E and includes + / – notation at each level.
The upgrade from D- to D+ stable is the result of improved business performance and meeting or exceeding financial goals with respect to Tier 1 Capital. The repurchase of outstanding preferred shares owned by the Japanese Government progressed at a rapid pace and now the final balance stands around 600 billion Japanese Yen or less than 20% of the Capital Ratio.