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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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.
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