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Six Japanese Public Institutions Downgraded Following Japan Sovereign Action; Outlooks Stable Jan 11 Product Image

Six Japanese Public Institutions Downgraded Following Japan Sovereign Action; Outlooks Stable Jan 11

  • Published: January 2011
  • Region: Japan
  • Standard & Poors

Abstract
Following the lowering of the sovereign rating on Japan, we reviewed the ratings on a number of Japanese government-related entities. We lowered the long-term ratings on JFC, JICA, JEHDRA, JHF, and JFM to 'AA-' from 'AA'. The outlooks are stable. We lowered the long-term rating on DBJ to 'A+' from 'AA-' and affirmed the 'A-1+' short-term rating. The outlook is stable. TOKYO (Standard & Poor's) Jan. 27, 2011--Standard & Poor's Ratings Services today said that it had lowered 'AA-' from 'AA' its long-term issuer credit and debt ratings on Japan Finance Corp. (JFC), Japan International Cooperation Agency (JICA), Japan Expressway Holding and Debt Repayment Agency (JEHDRA), Japan Housing Finance Agency (JHF), and Japan Finance Organization for Municipalities (JFM). The outlooks...

Companies mentioned in this report are:
- Japan Finance Corp.
- Development Bank of Japan Inc.
- Japan Housing Finance Agency
- Japan Expressway Holding and Debt Repayment Agency
- Japan Finance Organization for Municipalities
- Japan International Cooperation Agency

Action: Downgraded

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- Japan Finance Corp.
- Development Bank of Japan Inc.
- Japan Housing Finance Agency
- Japan Expressway Holding and Debt Repayment Agency
- Japan Finance Organization for Municipalities
- Japan International Cooperation Agency

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