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.
Stories Related to Moody's Downgrades Japan A Notch, Citing Debt
msnbc.com: Top msnbc.com headlines, NBC News
Tue, 08/23/2011 - 5:10pm
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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 ...
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