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Article: S&P: Japanese Corp Cred Qual Retains Heavily Neg Bias.
- Article from:
- Business Wire
- Article date:
- May 1, 2003
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Business Editors
NEW YORK--(BUSINESS WIRE)--May 1, 2003
Standard & Poor's--Corporate credit quality in Japan worsened slightly in the first quarter compared to a quarter earlier, even though the pace of downgrades dropped significantly compared with the average pace seen a year ago, said a report released today from Standard & Poor's Ratings Services.
The ratings outlook still remains stymied by several negative factors, including a persistently weak economy, continued deflation, and dull profitability.
The corporate credit quality outlook in Japan remains heavily negative, with 64% of all 86 parent-level rated entities bearing ...