JAPAN: MOODY'S ASSIGNS AA1 TO METROPOLIS OF TOKYO'S SERIES 657 DOMESTIC BOND.

IPR Strategic Business Information Database,  May, 2008  

Tags: bond, Moody's Corp.

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Moody's Investors Service has assigned its Aa1 rating to the Metropolis of Tokyo's (Tokyo) Series 657 Yen 40 billion bonds, due 2018, and the rating outlook is stable. The agency stated that the rating reflects its strong revenue base, derived from its position at the center of Japan's economic and financial activities.

In addition, Moody's believes that Tokyo has sound administrative and fiscal management, including multi-year budgeting and the introduction of an advanced accounting system, and has achieved its past fiscal reform program targets. Moody's views that Tokyo has a solid ...

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