Fitch rates Mizuho notes A-

Fitch Ratings said it assigned an A- rating to Mizuho Financial Group, Inc.’s €750 million of 10-year unsecured notes.

The rating is aligned with those on Mizuho’s outstanding senior unsecured notes.

“The notes will count towards Mizuho's total loss-absorbing capacity (TLAC) requirements, as they will be structurally subordinated to the senior liabilities of its subsidiaries. Mizuho met the 18% minimum total external TLAC capital ratio requirement, which excludes buffers for global systemically important banks, capital conservation and countercyclical capital, as of end-December 2023,” Fitch said in a press release.

The outlook is stable.

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