Economy
China's Dagong lowers Japan credit rating
Updated: 2011-06-02 17:46
(Xinhua)
BEIJING -- Chinese ratings provider Dagong Global Credit Rating Co Ltd, on Thursday cut its rating for Japan's local and foreign currency sovereign credit by one level to A+ and AA- respectively.
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Expecting a mild recovery of the Japanese economy and no significant deterioration of Japan's sovereign debt financing within the next 12 months, Dagong put the country's credit outlook as "stable."
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