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![Scope downgrades Japan's ratings to A; Outlook revised to Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_5ad13fe8d3944d2dd705a49ab3c315bee4b42da74e1ec4beacd1d5c35dd1d88e.jpg)
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.
![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.
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