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Adjustments To Japanese LRG Financial Indicators May 09
Standard & Poors, May 2009
Abstract
Standard & Poor's Ratings Services is refining its local application to Japanese local and regional governments (LRGs) of the 'Methodology And Assumptions: Rating International Local And Regional Governments,' published on Jan. 5, 2009, which is related to our criteria article 'Principle of Corporate and Government Ratings,' published on June 26, 2007, both of which are available on RatingsDirect at www.ratingsdirect.com. We are publishing this article to help market participants better understand our 'adjustments to Japanese LRG financial indicators'. Standard & Poor's is refining its criteria for 'adjustments to Japanese LRG financial indicators' to clarify the accounting treatment of certain items (in particular repayment of public policy loans), as more detailed information is now available to us. In analyzing the financial...
Companies mentioned in this report are: Tokyo Metropolitan Government,Yokohama (City of),Chiba (City of),Kyoto (City of),Osaka (City of),Niigata (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.
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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