Mizuho Financial Group, Inc. (NYSE:MFG) ranks among the best Asian stocks to buy. Moody’s Ratings confirmed Mizuho Financial Group, Inc. (NYSE:MFG)’s A1 long-term foreign currency senior unsecured debt ratings on August 26 with a stable outlook. Additionally, the firm confirmed that Mizuho’s primary subsidiary banks received baa1 Baseline Credit Assessments (BCAs) and A1 long-term domestic and foreign currency deposit ratings.
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The affirmation is in line with Moody’s prediction that the company’s profitability will progressively increase while staying beneath that of its international and Japanese counterparts with stronger standalone credit profiles.
Moody’s predicts that rising domestic interest rates will increase Mizuho’s profitability by boosting net interest margins and reinvesting liquid assets in higher-yielding Japanese government bonds. The firm also expects margin expansion to balance rising loan loss provisions.
The parent company of Mizuho Bank, Mizuho Financial Group, Inc. (NYSE:MFG) is a bank holding company that offers retail banking, corporate banking, investment banking, and asset management services.
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Disclosure: None. This article is originally published at Insider Monkey.