Mizuho Bank Europe Receives Prime-1 Rating for EUR5 Billion Commercial Paper Program

Mizuho Bank Europe N.V., a fully-owned subsidiary of Mizuho Bank Ltd. and part of the larger Mizuho Financial Group Inc., has received a Prime-1 rating from Moody's Ratings for its EUR5 billion Euro commercial paper program.

The Prime-1 short-term domestic and foreign currency ratings signify that Mizuho Bank Europe N.V.'s commercial paper notes have an extremely low risk of default within one year. These notes will be issued with a tenor of up to 364 days under the program.