Moody's: Grants Mitsui Sumitomo Trust Holdings (8309.T) Proposed Issuance of US Dollar Subordinated Bonds "(P) Baa1 (hyb)" Rating

Moody's has awarded Sumitomo Mitsui Trust Group Inc (abbreviated as "Sumitomo Mitsui Trust Holdings" 8309.T) with a "(P)Baa1(hyb)" rating for the proposed issuance of US dollar-denominated subordinated bonds on September 2nd. The bonds include a loss absorption clause for Points of Non-Viability (PONV) as per contractual agreement.