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17 Sep 2015
S&P lowers Japan's sovereign debt rating to A+ from AA-
FXStreet (Bali) - Following the decisions by Moody's and Fitch, which downgraded Japan in December 2014 and April 2015 respectively, S&P has also confirmed, in overnight news, that it lowers Japan's sovereign debt rating to A+ from AA-.
According to S&P: "Economic support for Japan's sovereign creditworthiness has continued to weaken in the past three to four years. Despite showing initial promise, we believe that the government's economic revival strategy will not be able to reverse this deterioration in the next two to three years."
According to S&P: "Economic support for Japan's sovereign creditworthiness has continued to weaken in the past three to four years. Despite showing initial promise, we believe that the government's economic revival strategy will not be able to reverse this deterioration in the next two to three years."