| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Tokai Preferred Capital Co. > News item |
Moody's raises Tokai preferreds
Moody's Investors Service said it upgraded the preferred stock rating of OPCO preferred securities issued by Tokai Preferred Capital Inc., a subsidiary of UFJ Bank Ltd., to Baa1 from Caa1. This concludes the review for possible upgrade initiated on Nov. 24.
The outlook is stable.
The upgrade was prompted by Mitsubishi UFJ Financial Group Inc.'s Nov. 24 announcement that it will resume dividend payments for the OPCO preferred securities in December. The dividends had been suspended in June 2005, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.