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 Moody's cuts Japan's debt rating on deficit concerns

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RR Phantom

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Moody's cuts Japan's debt rating on deficit concerns Vide
PostSubject: Moody's cuts Japan's debt rating on deficit concerns   Moody's cuts Japan's debt rating on deficit concerns Icon_minitimeWed Aug 24, 2011 4:23 am
Rating agency Moody's has cut Japan's long-term sovereign debt rating, citing concerns about the size of the country's deficit and borrowing levels.

Moody's cuts Japan's debt rating on deficit concerns _52115729_011505720-1

The rating was cut to Aa3 from Aa2, though Moody's also said the country's outlook was stable.

Japan, the world's third-largest economy, has the highest public-debt level amongst developed economies.

The 2009 global financial crisis, and this year's earthquake and tsunami have increased the pressure on its finances.

http://www.bbc.co.uk/news/business-14625969
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