Ratings On Four Japanese Public Institutions Raised To ?AA' Following Upgrade On Japan Apr 07
- ID: 2049633
- April 2007
- Region: Japan
- Standard & Poors
SINGAPORE (Standard & Poor's) April 23, 2007--Standard & Poor's Ratings Services today said that it had raised its credit ratings on four Japanese public institutions to 'AA' from 'AA-' following the upgrade on Japan (AA/Stable/A-1+) earlier today. The outlooks on the ratings of the four entities are stable (see list). In addition, the ratings and outlook on Development Bank of Japan were affirmed as the bank is expected to be privatized in due course. The sovereign rating on Japan was raised based on the country's progress in fiscal, monetary, and structural fronts (see Standard & Poor's media release "Japan Upgraded To 'AA' On Progress In Fiscal Consolidation; Outlook Stable" published today). The direction of the ratings and outlook on Japan...
Companies mentioned in this report are: Japan Bank for International Cooperation (Old),Development Bank of Japan Inc.,Japan Finance Corp. for Municipal Enterprises,Japan Housing Finance Agency,Japan Expressway Holding and Debt Repayment Agency
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Research type: News
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