|
|
 |
|
Viewing report
|
|
|
|
Japanese Corporate Sector 2009 Outlook: Global Economic Downturn To Adversely Affect Wide Range Of Industries Feb 09
Standard & Poors, Feb 2009
Abstract
The financial crisis and weakening global economy are significantly affecting the Japanese corporate sector, forcing a number of companies to revise their earnings forecasts downward. Although the steep rise in crude oil and raw materials prices, as well as the decline in the U.S. economy triggered by the subprime loan crisis, had begun to pressure the earnings of Japanese companies in late 2007, their financial results did not show any significant deterioration during fiscal 2007 (ended March 31, 2008). However, the ongoing downturn, which has spread rapidly across the globe since late 2008, caused a sharp appreciation of the yen and now threatens to precipitate drastic changes in a wide range of industries. Upgrades outnumbered downgrades in the Japanese corporate...
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.
|
|
|
|
