Fitch Rates Mizuho Markets Cayman's Senior Notes A, F1

MT Newswires Live04-07

Fitch Ratings has given an A long-term rating to Mizuho Markets Cayman's $50 million senior guaranteed notes due on July 2, 2027, and an F1 short-term rating on its $105 million callable senior guaranteed notes due on April 30, 2027, according to a recent release.

The senior notes will serve as the direct, unconditional, and unsubordinated obligations of the company and Mizuho Bank, which is the guarantor of the $10 billion medium-term note program in which the notes are issued.

Mizuho Bank is the core operating banking arm of Mizuho Financial Group (TYO:8411).

The notes' ratings are equivalent to Mizuho Bank's long- and short-term issuer default ratings, since the bank acts as the guarantor.

Future actions on the bank's ratings would prompt similar movements on the notes' ratings.

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