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Article: JAPAN: MOODY'S ASSIGNS AA1 TO SHIZUOKA PREFECTURE'S DOMESTIC BOND DUE 2014.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- July 5, 2009
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Moody's Investors Service has assigned Aa1 ratings to Shizuoka Prefecture's Series 3 Yen 20 billion bonds due 2014. 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 Shizuoka Prefecture'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 ...