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RATINGS TO JAPAN HIGHWAY PUBLIC CORPORATION
Info-Prod Research (Middle East), April, 2004
Moody's Investors Service has assigned its A2 ratings to Japan Highway Public Corporation's (JH) Series 29 Yen 80 billion 0.86% senior secured bonds, due 2009, and Series 30 Yen 120billion 1.76% senior secured bonds, due 2014. The rating outlook isstable. The bonds are not guaranteed by the Japanese government.
Therating assignment reflects Moody's belief that the Japanese Governmentwill continue to have strong incentive and willingness to protect theposition of holders of the bonds issued by JH. JH is 100%-owned by the Japanese Government and its role is to develop and operate a nationwide, high-quality motor transport infrastructure,consisting of the national expressway network and regional toll roads.The Ministry of Land, Infrastructure and Transport is heavily involved...
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