Announcements
Drinks
22/3/2024 Rating announcement EN
Scope affirms the sovereign rating of Japan at A and revises Outlook to Stable
Improvement of the inflation outlook and constructive effects for debt sustainability underpin change of the Outlook. Very-high gross government debt, comparatively weak nominal growth potential and rising ageing costs remain rating constraints.
6/10/2023 Rating announcement EN
Scope affirms Japan's ratings at* A and maintains the Negative Outlook
High and rising public debt amid long-term fiscal and economic pressures due to adverse demographics anchors the Negative Outlook. A wealthy and diversified economy, strong funding flexibility, and a sound external position are credit strengths.
6/5/2022 Rating announcement EN
Scope affirms Japan's A ratings; Outlook revised to Negative
Sustained and material increase in debt and long-term fiscal and economic pressures due to adverse demographics drive the outlook revision. A wealthy and diversified economy, strong funding flexibility, and a sound external position are credit strengths.
18/6/2021 Rating announcement EN
Scope downgrades Japan's ratings to A; Outlook revised to Stable
Continued fiscal deterioration, exacerbated due to the Covid-19 crisis, and a weak demographic and economic outlook drive downgrade. A wealthy and diversified economy, strong funding flexibility, and a sound external position are credit strengths.
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.
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.
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.
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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