Stalled Recovery In Earnings May Pressure Ratings On Japanese Corporations After Post-Quake Phase, Says S&P Report Nov 11
- Language: English
- Published: November 2011
- Region: Japan
The financial strength of Japanese companies improved for the second consecutive year in fiscal 2010 (ended March 31, 2011, for most companies; Dec. 31, 2010, and other days for some companies), according to an annual survey Standard & Poor's Ratings Services has compiled. The survey finds that an increasing number of companies further accumulated cash on hand amid wariness about the direction of the domestic economy, in Standard & Poor's view, following the Great East Japan Earthquake on March 11, 2011. The survey covered 226 companies, comprising 53 Japanese companies rated by Standard & Poor's and 173 unrated companies that are component parts of the S&P/TOPIX150 or S&P Japan Mid Cap 100--both subindices of the S&P Japan 500, one of...
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