|
|
 |
|
Viewing report
|
|
|
|
Ratings Roundup: Increase In Upgrades Lifts Japan?s Credit Quality In 2007 Dec 07
Standard & Poors, Dec 2007
Abstract
Upgrades in the Japanese corporate and financial sectors significantly outnumbered downgrades in 2007, with 87 upgrades versus eight downgrades between Jan. 1, 2007, and Dec. 27, 2007, indicating that the credit revival that started in 2004 remains strong. Upgrades by Standard & Poor's Ratings Services in 2007 extended over nearly all sectors, from corporations to banks, insurers, and sovereign-related entities, showing that credit quality has improved for a wide range of issuers in Japan. In April, Standard & Poor's raised its sovereign rating on Japan to 'AA' from 'AA-'. The rationale for the upgrade included financial reorganization, normalization of financial measures, and progress in restructuring. This was the first upward revision of the sovereign rating since Japan was initially assigned...
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.
|
|
|
|
