MOODY'S ASSIGNS AAA TO US$ 1 BILLION GUARANTEED BONDS OF JAPAN BANK FOR INTERNATIONAL COOPERATION

Info-Prod Research (Middle East), November, 2007

Moody's Investors Service has assigned a Aaa rating to Japan Bank for International Cooperation's (JBIC) US$ 1 billion guaranteed bonds, due 2012. The subject debt issue is guaranteed by the Government of Japan and Aaa rating applies to its foreign currency or euro-yen denominated long-term debt securities guaranteed by the Government of Japan.

Rating outlook is stable. Japan Bank for International Cooperation, with its main office in Tokyo, Japan, is incorporated under The Japan Bank for International Cooperation Law, with 100% Japanese Government ownership. Its total assets (as of March 31, 2007) were Yen 20.8trillion.