Monday, December 01, 2014

Moody's downgrades Japan's credit rating to A1 from AA3

TOKYO: Moody's downgraded its credit rating for Japan on Monday, citing "rising uncertainty" over the country's debt situation and Prime Minister Shinzo Abe's faltering efforts to kickstart growth.

The ratings agency said it cut Japan's rating by one notch to A1 from Aa3, just two weeks before an election and after the economy sank into recession during the July-September quarter .... http://economictimes.indiatimes.com