Fitch has placed an A- rating on Sumitomo Mitsui Financial Group's (TYO:8316) 500 million euro seven-year senior unsecured notes, according to a Monday release.
The notes' rating is equivalent to the issuer's long-term default rating, with any action on the latter to result in a similar action on the notes.
The notes will be part of the banking group's total loss-absorbing capacity requirements and subordinated to its subsidiaries' senior liabilities.
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