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Credit Quality Of Japanese Corporations Likely To Stabilize In 2010 Mar 10 Product Image

Credit Quality Of Japanese Corporations Likely To Stabilize In 2010 Mar 10

  • Published: March 2010
  • Region: Japan
  • Standard & Poors

FEATURED COMPANIES

  • AEON Co. Ltd.
  • Denso Corp.
  • Japan Airlines Corp.
  • Mitsui Fudosan Co. Ltd.
  • Osaka Gas Co. Ltd.
  • Sojitz Corp.
  • MORE

Abstract
The credit quality of Japanese industrial corporations is likely to stabilize in 2010. Japanese corporations, particularly those in manufacturing, appear to have weathered the worst of the period following the severe deterioration in the global economy, which was precipitated by the Lehman shock in 2008. Standard & Poor's Ratings Services is of the opinion that the performance of Japanese corporations generally bottomed out in the first half of fiscal 2009 (April 1, 2009, to Sept. 30, 2009), and expects their credit quality to stabilize further in 2010. We believe that corporations' financial performance is stabilizing to an extent, and that we have passed the peak of ratings downgrades and downward revisions to outlooks. Indeed, we are of the opinion that...

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 READ MORE >

- American Airlines Inc.
- Canon Inc.
- Hitachi Ltd.
- Komatsu Ltd.
- Panasonic Corp.
- Mitsubishi Corp.
- Mitsubishi Estate Co. Ltd.
- Mitsui & Co. Ltd.
- Nippon Telegraph & Telephone Corp.
- Ricoh Co. Ltd.
- Sony Corp.
- TDK Corp.
- Asahi Glass Co. Ltd.
- Japan (Unsolicited Ratings)
- Nissan Motor Co. Ltd.
- Honda Motor Co. Ltd.
- Ajinomoto Co. Inc.
- Sumitomo Corp.
- Marubeni Corp.
- Toyota Motor Corp.
- Tokyo Electric Power Co. Inc.
- Denso Corp.
- Toshiba Corp.
- Mitsui Fudosan Co. Ltd.
- ITOCHU Corp.
- Omron Corp.
- Takeda Pharmaceutical Co. Ltd.
- Uny Co. Ltd.
- Osaka Gas Co. Ltd.
- Sharp Corp.
- Chubu Electric Power Co. Inc.
- Pioneer Corp.
- NEC Corp.
- Chugoku Electric Power Co. Inc.
- Shikoku Electric Power Co. Inc.
- Tokyo Gas Co. Ltd.
- Softbank Corp.
- AEON Co. Ltd.
- Nippon Steel & Sumitomo Metal Corp.
- Kawasaki Kisen Kaisha Ltd.
- Fuji Xerox Co. Ltd.
- Japan Tobacco Inc.
- NTT DOCOMO Inc.
- Fast Retailing Co. Ltd.
- Nippon Building Fund Inc.
- Japan Airlines Corp.
- Toyota Industries Corp.
- Electric Power Development Co. Ltd.
- Aisin Seiki Co. Ltd.
- Sojitz Corp.
- Japan Retail Fund Investment Corp.
- Okinawa Electric Power Co. Inc.
- Nippon Accommodations Fund Inc.
- Seven & i Holdings Co. Ltd.

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