DBRS Confirms Ratings of Merged Mizuho Bank

DBRS has confirmed all ratings of Mizuho Bank, Ltd. (new MHBK), a new entity formed from the merger of Mizuho Corporate Bank, Ltd. and Mizuho Bank, Ltd. (former MHBK) (the Merger). Please see below for a full list of rating actions. The ratings did not include issuer participation and are based solely on publicly available information.

Effective July 1, 2013, Mizuho Bank, Ltd. (former MHBK) was merged into Mizuho Corporate Bank, Ltd., with Mizuho Corporate Bank, Ltd. as the surviving entity. The surviving entity, Mizuho Corporate Bank, Ltd., then changed its name to Mizuho Bank, Ltd. (new MHBK).

DBRS does not expect the Merger to have any material impact on the ratings of the surviving company since the ratings are based on the assessment of Mizuho Financial Group, Inc. on a consolidated basis.

Notes:
This rating did not include issuer participation and is based solely on publicly available information.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at info@dbrs.com.

The applicable methodologies are Global Methodology for Rating Banks and Banking Organisations and DBRS Criteria: Intrinsic and Support Assessments, which can be found on our website under Methodologies.