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Ratings On Five Japanese Electric And Two Gas Companies Lowered To 'AA-' On Sovereign Downgrade; Outlooks Stable Jan 11

  • ID: 2152991
  • January 2011
  • Region: Japan
  • Standard & Poors

FEATURED COMPANIES

  • Osaka Gas Co. Ltd.
  • Tokyo Gas Co. Ltd.
  • MORE

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

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Note: Product cover images may vary from those shown

- 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.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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