Fitch Ratings assigned first-time long-term and short-term issuer default ratings of A and F1, respectively, to Toronto-based MUFG Securities (Canada) Ltd.

The rating outlook is stable.

MUFG Securities' ratings are linked to the ratings of its ultimate parent, Japan-based Mitsubishi UFJ Financial Group Inc. Fitch expects the parent company would support MUFG Securities as necessary, and that MUFG Securities gets operational and management support from its global affiliates.