SMBC Group's Financial and Credit Portfolio
Credit ratings of selected G-SIBS
OpCo senior unsecured bonds/ Excluded liabilities
Additional Tier 1 (AT1) securities
Moody's
TLAC eligible senior unsecured bonds
Notch Difference (between OpCo senior and TLAC senior bonds)
Basel III Tier 2 bonds
(As of the end of Oct. 23)
SMFG
Mizuho
MUFG
BAC
Citi
JPM
Barclays
HSBC
DB*1
BNP*1
UBS*2
Aa1
Aa2
3
Aa3
0
0
0
2
A1
3
A2
A3
Baa1
Baa2
Baa3
Ba1
Ba2
| S&P
2
3
SMFG
Mizuho
MUFG
BAC
Citi
JPM
Barclays
HSBC
DB*1
BNP*1
UBS*2
A+
A
2
2
2
2
2
3
3
A-
BBB+
BBB
BBB-
BB+
BB
BB-
3
*1 For DB and BNP, OpCo senior notes and TLAC eligible senior notes mean preferred senior notes and non-preferred
senior notes, respectively
*2 Backed senior unsecured rating of UBS Group Funding (Switzerland) guaranteed by UBS Group AG for TLAC
eligible senior notes
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