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Article: JAPAN: MOODY'S ASSIGNS AA1 RATING TO OSAKA CITY GOVERNMENT'S DOMESTIC BOND DUE 2019.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- July 5, 2009
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Moody's Investors Service has assigned an Aa1 rating to Osaka City Government's Series 3 Yen 20 billion, 1.48% bond due 2019. At the same time the rating has been placed under review for possible downgrade, as Moody's considers the appropriateness of the public sector support anchor (currently the Aaa Local Currency Deposit Ceiling), in accordance with the unification of the central government's foreign and domestic currency ratings at Aa2. This review was not triggered by a change in Osaka's stand-alone credit profile. The agency stated that the rating reflects a stable national operating environment for local and regional governments and a protective institutional ...