- Language: English
- Published: September 2014
- Region: Japan
Impact Of Japan's Reorganization Of Public Financial Institutions Nov 05
- Published: November 2005
- Region: Japan
- Standard & Poors
TOKYO (Standard & Poor's) Nov. 25, 2005- Standard & Poor's Ratings Services said today that the agreement reached by Japan's government to consolidate public financial institutions could have positive implications on Japan's sovereign rating (AA-/Stable/A-1+). On Nov. 22, 2005, the government and Liberal Democratic Party (LDP) agreed on a plan to consolidate several government-supported financial institutions into two or three. The plan includes converting some institutions into independent administrative agencies, such as Government Housing Loan Corp., and will focus these agencies operations more narrowly. "While reaching a final agreement will be a tough battle, the current plan will generally have a positive impact on the rating on the Japanese sovereign, since it is expected to constrain the extraordinary budget and...
Companies mentioned in this report are: Japan (Unsolicited Ratings),Development Bank of Japan Inc.,Japan Bank for International Cooperation (Old),Japan Finance Corp. for Municipal Enterprises,Japan Housing Finance Agency
Action: General Comment
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SHOW LESS READ MORE >
Japan (Unsolicited Ratings),Development Bank of Japan Inc.,Japan Bank for International Cooperation (Old),Japan Finance Corp. for Municipal Enterprises,Japan Housing Finance Agency