Tokyo, December 07, 2012 -- Moody's Japan K.K. has assigned a Aa3 rating to the bond issued by Sumitomo Mitsui Banking Corporation's (SMBC) Euro medium-term note (EMTN) program. The rating outlook is stable.

The bond, as indicated, represents a takedown from the SMBC's JPY 1.5 trillion EMTN program. Moody's had assigned (P)Aa3 ratings to the program.

The bond issuance is:

o AUD 200 million senior unsecured bond, due 2016, from the EMTN Program

RATINGS RATIONALE

The Aa3 ratings of SMBC are derived from the combination of its standalone credit strength (mapping to a3 baseline credit assessment) and Moody's assessment of the "very high" likelihood of systemic support. The ratings also incorporate the overall assessment of SMBC on a standalone basis and Sumitomo Mitsui Financial Group, Inc (SMFG) on a group consolidated basis as following:

- A sufficient level of capital to absorb unexpected losses under our highly adverse scenario,

- Unlikelihood of a deterioration in asset quality (both loans and securities) in the near future,

- Superior liquidity profile in domestic currency (Japanese Yen), and stable and solid profile in foreign currency, backed by its sound credit profile and favorable market conditions for Japanese banks, including SMBC.

- The very high likelihood of systemic support, given that it is one of Japan's mega banks

The principal methodology used in this rating was Moody's Consolidated Global Bank Rating Methodology, published on July 6, 2012, and available on www.moodys.co.jp.

Sumitomo Mitsui Banking Corporation, headquartered in Tokyo, is one of Japan's megabanks.

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Maki Hanatate VP - Senior Credit Officer Financial Institutions Group Moody's Japan K.K. Atago Green Hills Mori Tower 20fl 2-5-1 Atago, Minato-ku Tokyo 105-6220 Japan JOURNALISTS: (03) 5408-4110 SUBSCRIBERS: (03) 5408-4100 Stephen Long MD - Financial Institutions Financial Institutions Group JOURNALISTS: (852) 3758 -1350 SUBSCRIBERS: (852) 3551-3077 Releasing Office: Moody's Japan K.K. Atago Green Hills Mori Tower 20fl 2-5-1 Atago, Minato-ku Tokyo 105-6220 Japan JOURNALISTS: (03) 5408-4110 SUBSCRIBERS: (03) 5408-4100 Copyright 2012 Moody's Investors Service, Inc. and/or its licensors and affiliates (collectively, "MOODY'S"). All rights reserved.

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