Japan Rating Outlook Lowered to Negative by S&P on Quake Rebuilding Costs-
By Aki Ito and Keiko Ujikane – Apr 27, 2011 3:24 AM MT
Japan’s sovereign-rating outlook was cut to “negative” by Standard & Poor’s as the nation’s reconstruction needs following last month’s earthquake will likely add to what’s already the world’s biggest debt load.
The outlook on Japan’s local-currency debt rating, at AA-, the fourth-highest grade, was lowered from “stable,” S&P said in a statement today.
the rest of the article from Bloomborg
guess it really doesn’t matter since the rating agencies are taken about as serious as me starring in the porn remake “Drive-piling Miss Daisy Chain”
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