Summary: Osaka (City of) Nov 11
- ID: 2028168
- November 2011
- Standard & Poors
The ratings on City of Osaka reflect its diverse industrial platform and its tax revenue potential, its strong internal liquidity, and Japan's predictable and well-balanced institutional framework. The main rating constraint is Osaka's high debt and decreasing financial flexibility. Osaka is the economic hub of western Japan and its GDP per capita is the highest among Japan's designated cities (seirei shitei toshi). The city's tax revenues are recovering from the recent economic downturn, as regional corporate activities have regained momentum partly on a movement of business from the Eastern area of Japan after the Great East Japan Earthquake of March 11, 2011, and the ensuing nuclear crisis. Osaka implemented public investments in the 1990s and also has fee-based activities, which...
Companies mentioned in this report are:
- Osaka (City of)
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >