S&P Cuts Japanese Rating to AA-

Discussion in 'Economics' started by TGregg, Jan 27, 2011.

  1. TGregg


    Jan. 27 (Bloomberg) -- Japan’s credit rating was cut for the first time in nine years by Standard & Poor’s as persistent deflation and political gridlock undermine efforts to reduce a 943 trillion yen ($11 trillion) debt burden.
  2. Japanese will welcome such cut, this is great news for people short JPY. S&P is such a joke.