Report title: Japan International Cooperation Agency?s Standalone Bonds Rated 'AA'
from S&P Credit Research
397 word report published Jun 12, 2009

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Abstract: SINGAPORE (Standard&Poor's) June 12, 2009--Standard&Poor's Ratings Services today assigned its 'AA' senior unsecured local currency long-term debt rating to Japan International Cooperation Agency's (JICA; AA/Stable/A-1+) collateralized bonds that were launched today. The 'AA' rating was assigned to the ¥30 billion, 2.341% 2nd nonguaranteed bonds, due June 20, 2029. A Japanese-language version of this media release is available on Standard&Poor's Research Online at www.researchonline.jp, or via CreditWire Japan on Bloomberg Professional at SPCJ. Complete ratings information is available to RatingsDirect subscribers at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard&Poor's public Web site at www.standardandpoors.com; select your preferred country or region, then Ratings in the left navigation

Brief Excerpt: RESEARCH Ratings Definitions Japan International Cooperation AgencyaÇÖs Standalone Bonds Rated '##' Publication date: 12-Jun-2009 Primary Credit Analyst: Takahira Ogawa, Singapore (65) 6239-6342; takahira_ogawa@standardandpoors.com...

Report Type: Ratings Action
Issuer: Japan International Cooperation Agency
Sector: Global Issuers
Country: Japan
Region: Asia
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