Outlooks On Japan's Okinawa EPCO, Tokyo Gas, And Osaka Gas Revised To Negative Following Sovereign Outlook Revision Apr 11
- Language: English
- Published: April 2011
- Region: Japan
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
OUTLOOK ON JAPAN SOVEREIGN CREDIT RATING REVISED TO NEGATIVE; RATINGS AFFIRMED AT 'AA-/A-1+' The negative outlook signals that a downgrade is possible if Japan's public finances weaken further over the next two years in the absence of fiscal consolidation to offset them. We believe that uncertainty over the country's fiscal and economic outlook will lessen over the next six to 24 months. If the government's debt trajectory remains on its current course or begins to erode the nation's external position, the long- and short-term ratings could be lowered. OUTLOOKS ON JAPAN'S OKINAWA EPCO, TOKYO GAS, AND OSAKA GAS REVISED TO NEGATIVE FOLLOWING SOVEREIGN OUTLOOK REVISION The ratings on Japan's electric and gas utilities are constrained by the long-term sovereign rating...
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