Moody's affirms Japan's A1 rating; outlook stable
|In its latest review on the Japanese sovereign credit rating published today, the US-based rating agency, Moody’s Investors Service, affirmed the Government of Japan's A1 local and foreign currency issuer ratings and local currency senior unsecured rating. The rating outlook is maintained at stable.
Key Points:
“The affirmation reflects the strengthened prospects of a broadly stable debt burden over the next few years and further improvements in debt affordability, helped by somewhat higher GDP growth at present that supports Moody's assessment of the economy's competitiveness and some effectiveness of government policies.
Japan's long-term local- and foreign-currency bond and deposit ceilings remain at Aaa. The short-term foreign-currency bond and deposit ceilings remain at Prime-1.”
Ratings Rationale:
“First driver -- Prospects of a stable debt burden and improving debt affordability, aided by economic competitiveness and some policy effectiveness
Second driver -- Long-term challenges posed by high debt and low potential growth remain.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.