| Abstract: | SINGAPORE (Standard&Poor's) Aug. 12, 2008--Standard&Poor's Ratings Services has assigned its 'AA-' senior unsecured long-term local currency debt ratings to the Development Bank of Japan's (DBJ; AA-/Stable/A-1+) nonguaranteed zaito agency bonds--Series 52, ¥30 billion, 0.89% due Aug. 13, 2010. "The issuer credit ratings on DBJ are based on the bank's role as the governmental financial institution for extending long-term financial facilities in support of projects with high public-policy content, such as technology promotion, environmental conservation, and regional development," said Standard&Poor's credit analyst Takahira Ogawa. The ratings incorporate the support that DBJ receives from the Japanese government (AA/Stable/A-1+), including capital injections, low-cost funding from the Fiscal Investment and Loan Program (FILP), guarantees for its debt issuance,
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