Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

S&P gives new Japanese PM Shinzo Abe a semi-thumbs up after reiterating the country's rating...

  • Monday, February 18, 2:48 AM ET
    S&P gives new Japanese PM Shinzo Abe a semi-thumbs up after reiterating the country's rating at AA- with a negative outlook. Abe's policies will be "critical" if Japan "is to arrest a prolonged decline in its sovereign credit standing," S&P said. The firm added that it would cut the country's rating if it "thought that government policies would be ineffective" in solving Japan's deflation and growth problems.
Track new comments on this story

This news story has 2 comments:

  •  
    The Japanese economy gives me the image of a borrowed muscle-car from the USA. It's had some issues over the past 2 decades but in the past 2 months it's engine got an overhauled and it's got a full tank. Now it's racing down the freeway and the G/20 shows up at the side of the road. It suddenly stops Japan in it's tracks and says "hmmm I don't know" "ok fine you can continue". Then the S&P shows up further down the highway and says. "I like what you're doing but it better not change". Japan opens the car door and says "you two are welcome to get a lift but I only have a simple request". "Get in, sit down, shut up and hang on"
    18 Feb, 06:58 PM Reply Like
  •  
    Thanks for an interesting story.Are we really sure with the S&P ratings?The United States Department of Justice leveled civil charges towards Standard & Poor's on Feb. 7, saying it purposefully misconstrued mortgage-backed securities that later soured and led to the bursting of the housing bubble. Now, McGraw-Hill, the parent company of S&P, is fighting back, saying the DOJ case is flawed. Read more here.
    22 Feb, 01:15 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Global Articles
More Latest Articles »