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![Scope affirms Japan’s sovereign rating at A+ and revises the Outlook to Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_5ad13fe8d3944d2dd705a49ab3c315bee4b42da74e1ec4beacd1d5c35dd1d88e.jpg)
24/4/2020 Rating announcement EN
Scope affirms Japan’s sovereign rating at A+ and revises the Outlook to Negative
A continuously deteriorating fiscal outlook and very low growth potential, both exacerbated by the Covid-19 shock, drive the Negative Outlook. A diversified and competitive economy, strong funding flexibility, and sound external position are strengths.
![Scope affirms Japan’s credit rating at A+ with a Stable Outlook](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_a6f915c781469527d0432c82ba5c9301b902046446db283cfb71107df5dbe4fd.jpg)
21/6/2019 Rating announcement EN
Scope affirms Japan’s credit rating at A+ with a Stable Outlook
A diversified and wealthy economy, strong funding flexibility, and a sound external position are credit strengths. Adverse demographics, a low growth potential, and very weak public finances are credit constraints.
![Scope affirms Japan’s credit rating at A+ with Stable Outlook](/.resources/scoperatings/webresources/img/logo_blue.jpg)
16/3/2018 Rating announcement EN
Scope affirms Japan’s credit rating at A+ with Stable Outlook
A diversified and wealthy economy, strong funding flexibility, and a sound external position are credit strengths. Very high debt levels, challenging debt dynamics, and relatively weak growth potential are rating challenges.
![Scope downgrades Japan’s newly published credit rating to A+ from AA- and changes Outlook to Stable](/.resources/scoperatings/webresources/img/logo_blue.jpg)
29/9/2017 Rating announcement EN
Scope downgrades Japan’s newly published credit rating to A+ from AA- and changes Outlook to Stable
Very high debt levels, challenging debt dynamics, and relatively weak growth drive the rating downgrade. A diversified and wealthy economy, exceptional funding flexibility, and a strong external position are credit strengths.
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