The Japanese Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: February 2012
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Ratings On Five Japanese Electric And Two Gas Companies Lowered To 'AA-' On Sovereign Downgrade; Outlooks Stable Jan 11
Ratings On Five Japanese Electric And Two Gas Companies Lowered To 'AA-' On Sovereign Downgrade; Outlooks Stable Jan 11
- Published: January 2011
- Standard & Poors
Abstract
On Jan. 27, 2011, Standard & Poor's lowered its sovereign rating on Japan to 'AA-' from 'AA'. The outlook is stable. We believe the sovereign's credit quality constrains the ratings on Japanese electric and gas utilities. We lowered by one notch to 'AA-' the long-term corporate credit ratings on five Japanese electric and two gas utilities. The outlooks are stable. TOKYO (Standard & Poor's) Jan. 28, 2011--Standard & Poor's Ratings Services today lowered to 'AA-' from 'AA' its long-term corporate credit ratings on five electric power companies and two major city gas companies, following the lowering of the sovereign rating on Japan (AA-/Stable/A-1+). (See Standard & Poor's media release "Ratings On Japan Lowered To 'AA-'; Outlook Stable," published Jan. 27)....
Companies mentioned in this report are: Tokyo Electric Power Co. Inc.,Osaka Gas Co. Ltd.,Chubu Electric Power Co. Inc.,Shikoku Electric Power Co. Inc.,Tokyo Gas Co. Ltd.,Electric Power Development Co. Ltd.,Okinawa Electric Power Co. Inc.
Action: Downgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions,
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Tokyo Electric Power Co. Inc.,Osaka Gas Co. Ltd.,Chubu Electric Power Co. Inc.,Shikoku Electric Power Co. Inc.,Tokyo Gas Co. Ltd.,Electric Power Development Co. Ltd.,Okinawa Electric Power Co. Inc.
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