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Bulletin: Ratings On Japan?s Local and Regional Governments Unaffected By April 10 Election Results Apr 11
Standard & Poors, April 2011
Abstract
TOKYO (Standard & Poor's) April 11, 2011--Standard & Poor's Ratings Services said today that gubernatorial elections held in Tokyo and Sagamihara and parliamentary elections in Aichi Prefecture on April 10, 2011, will not affect the ratings on the respective entities. Shintaro Ishihara won his fourth victory in the Tokyo Metropolitan Government's (AA-/Stable/-) gubernatorial election; thus, we assume the fiscal discipline he demonstrated during previous tenures will continue. We are of the same view regarding the finances of the City of Sagamihara (AA-/Stable/A-1+), where Toshio Kayama won his second term. In Aichi Prefecture (AA-/Stable/A-1+), the opposition Liberal Democratic Party and Democratic Party of Japan again won the majority of seats in the local Aichi legislature. In our view, it is likely...
Companies mentioned in this report are: Tokyo Metropolitan Government,Aichi (Prefecture of),Sagamihara (City of)
Action: Bulletin
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.
Research type: News
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