Moody's Downgrades Japan A Notch, Citing Debt

Moody's downgrades Japan a notch, citing debt

Moody's Investors Service cut the rating on Japan's government debt by one notch to Aa3, its fourth-highest rating, blaming large budget deficits and the build-up of debt.

Sections:  news   world   business   
RELATED ARTICLES
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • S&P cuts Egypt's credit ratings
    Ratings agency Standard & Poor's has pushed Egypt's sovereign credit ratings deeper into junk status, citing "continued pressure" on foreign reserves. More
  • China calls on Japan to face past after war shrine offering
    China said on Monday that Japan must face up to history and respect the feelings of those who were victims of wartime aggression, after Japanese Prime Minister Shinzo Abe made an offering to a shrine seen as a symbol of Japan's former militarism. More
  • Japan man celebrates 116th birthday
    Japanese man Jiroemon Kimura, who holds the distinction of being the world's oldest living person, is celebrating his 116th birthday on Friday. More
  • Obama unveils new budget plan and gets tepid Republican response
    President Barack Obama unveiled his proposed Fiscal Year 2014 budget plan Wednesday in the White House Rose Garden, offering a combination of new spending initiatives and tax increases aimed at creating jobs and reducing future budget deficits. In his remarks, Obama called his plan “a fiscally responsible blueprint for middle-class jobs and growth.” More
BING NEWS:
  • Moody's downgrades Argentina's credit rating
    Moody’s said the rating reflects the combination of measures such as extension to maturities, lowering of interest rates and cuts to principal amounts of debt Moody's downgraded Argentina’s ...
    04/18/2024 - 1:00 pm | View Link
  • The Very Group: Moody’s changes outlook on online retailer owned by billionaire Barclay family
    The Very Group is based on Merseyside. Moody’s has changed its outlook on The Very Group from stable to negative despite it securing major investment and named a new chief executive. The ...
    04/12/2024 - 4:46 am | View Link
  • Tropicana operator downgraded; how could this affect A’s stadium plans?
    The downgrades could affect the company’s ability to borrow money for three projects it has on the horizon, including the development of a $1.5 billion, 33,000-seat Major League Baseball stadium ...
    03/26/2024 - 11:34 pm | View Link
  • Moody’s downgrades Bally's rating
    Wall Street is betting against Bally’s, with Moody’s Investors Service downgrading the company’s corporate family rating this week. Bally's rating dropped to B2 from B1, according to an ...
    03/26/2024 - 7:12 am | View Link
  • Moody’s Downgrades China’s Vanke Amid Real Estate Sector Concerns
    Moody added that further downgrades are being considered. Carven Chang, Senior Vice President of Moody’s, explained, “The downgrade reflects the anticipation that credit indicators ...
    03/13/2024 - 4:21 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News