Japan
Moody's Lowers Japan AAA Foreign Currency Credit Rating To Aa2
Submitted by Tyler Durden on 05/18/2009 15:03 -0500Moody's is swinging the axe again, and in a move which could spell trouble for the rating for the US itself, it downgraded Japan's last triple-A foreign currency credit rating. Amusingly, Japan has almost no foreign currency debt exposure, so the action may be perceived as posturing by Moody's as it prepares for some sort of credit action on the US. In Moody's own words:
Charts of The Day: Japan Mfg / U.S. Durable Goods Orders
Submitted by Tyler Durden on 01/30/2009 16:53 -0500Spin this:
