Mizuho's Three Banks Get Moody's Upgrade

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

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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.

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