S&P Global Ratings on April 16 revised the outlook on New York-based MUFG Americas Holdings Corp.'s long-term and short-term issuer credit ratings to positive from stable.

At the same time, the rating agency affirmed the company's A- long-term issuer credit rating.

The rating agency earlier revised its outlook on the company's Japanese parent, Mitsubishi UFJ Financial Group Inc., and on Japan, to positive from stable.

According to S&P Global Ratings, there is a "more than one-in-three chance" that it could upgrade MUFG Americas in the next two years. MUFG Americas could receive an upgrade if the rating agency raises its ratings on its Japanese parent while continuing to view MUFG Americas as a core unit. On the other hand, the outlook on the MUFG group, including MUFG Americas, could be revised to stable if the rating agency revises Japan's outlook to stable.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.