Pages

Wednesday, April 27, 2011

Moody 's maintaining Japan rating Outlook negative continuous observation of developments

Moody's (Moody"s) Senior Vice President Tom Byrne Wednesday (27th), maintaining Japan's rating Outlook to negative, and continuous observation of development of the situation.

previously, Qiang (S& P) has lowered Japan sovereign credit ratings Outlook to negative. Biaopu said, earthquakes, tsunamis and nuclear crisis will make Japan fiscal deficit increased to a level higher than previously estimated.

Byrne said: "the bottom line is that we currently maintain a negative rating Outlook and watch developments. We are concerned about the bottom line, is the bottom line of our ratings, that is, Government budget deficits and government debt levels. "

in February, the Moody's warned that if Japan Government's lack of a comprehensive tax reform measures, it may cut Japan" Aa2 "level rating. This rating is the third highest rating of the institution.