Business Services Industry
MOODY'S ASSIGNS AAA TO US$2.5BILLION GUARANTEED BONDS OF JAPAN BANK FOR INTERNATIONAL COOPERATION
Info-Prod Research (Middle East), June, 2009
Moody's Investors Service has assigned Aaa ratingto US$2.5billion Guaranteed Bonds due 2011of Japan Bank for InternationalCooperation (JBIC), the international arm of The Japan FinanceCorporation (JFC), and at the same time placed the ratings under reviewfor possible downgrade. The rating review reflects Moody's reassessment of the level of Japan's public sector support anchor, in accordance with the rating agency'sunification of the government ratings at Aa2. Moody's notes, however,that the outcome of the review is unlikely to lead to ratings below Aa2,given the strong institutional and financial support provided by thenational government to these government-related issuers (GRIs).
The last rating action with respect to JFC was taken on May 18, 2009,when the Aaa ratings of...
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