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JAPAN: RATINGS TO JAPAN HIGHWAY PUBLIC CORPORATION.(Moody's Investors Service)
IPR Strategic Business Information Database, January, 2004
Moody's Investors Service has assigned its A2 ratings to Japan Highway Public Corporation's (JH) Series 25 Yen 50 billion 0.78% senior secured bonds, due 2008, and Series 26 Yen 50 billion 1.68% senior secured bonds, due 2013. The rating outlook is stable. The bonds are not guaranteed by the Japanese government.
The rating assignment reflects Moody's belief that the Japanese Government will continue to have strong incentive and willingness to protect the position of JH's bondholders in an appropriate manner. 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...
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