May 01, 2015

Fitch rating down grades Japan's credit rating from A+ to A

10,000 yen note

Picture: 10,000 yen note 

"Fitch Ratings downgraded Japan's credit rating by one notch after the government failed to take steps in this fiscal year's budget to offset a delay in a sales tax increase...Fitch cut its rating on Japan by one notch to A, which is five notches below the top AAA rating. "

Source: Fitch downgrades Japan, joins Moody's in warning on fiscal policy
April 28, 2015
Stanley White
The Age newspaper

No comments:

Post a Comment