Weakening Of Credit Quality Among Japanese Corporate And Financial Institutions More Pronounced In 1Q 2009 - S&P Credit Research

Weakening Of Credit Quality Among Japanese Corporate And Financial Institutions More Pronounced In 1Q 2009

2429 words — Published Apr 20, 2009
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Abstract:

The downward trend in the credit quality of Japanese companies that emerged in 3Q 2008 (July 1 to Sept. 2008) became more pronounced in 1Q 2009 (Jan. 1 to March 31, 2009). Downgrades in the Japanese corporate and financial sectors overwhelmingly outnumbered upgrades in 1Q 2009 by 24 to one. Since 4Q 2008 (Oct. 1 to Dec. 31, 2008), when downgrades outnumbered upgrades by nine to one, the weakening trend in the credit quality of Japanese corporations and financial institutions has continued unabated. From 2004 until 2Q 2008 (April 1 to June 30, 2008), upgrades had exceeded downgrades. However, this situation reversed in 3Q 2008 (July 1 to Sept. 30, 2008), and the number of downgrades has since outnumbered upgrades.

  
Brief Excerpt:

RESEARCH Ratings Definitions Weakening Of Credit Quality Among Japanese Corporate And Financial Institutions More Pronounced In 1Q 2009 Publication date: 20-Apr-2009 Primary Credit Analyst: Ryoji Yoshizawa, Tokyo (81) 3-4550-8453;...

  
Report Type:

Commentary

Sector
Global Issuers, Structured Finance
Format:
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S&P Credit Research—S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Credit Research. "Weakening Of Credit Quality Among Japanese Corporate And Financial Institutions More Pronounced In 1Q 2009" Apr 20, 2009. Alacra Store. Oct 25, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Weakening-Of-Credit-Quality-Among-Japanese-Corporate-And-Financial-Institutions-More-Pronounced-In-1Q-2009-716451>
  
APA:
S&P Credit Research. (). Weakening Of Credit Quality Among Japanese Corporate And Financial Institutions More Pronounced In 1Q 2009 Apr 20, 2009. New York, NY: Alacra Store. Retrieved Oct 25, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Weakening-Of-Credit-Quality-Among-Japanese-Corporate-And-Financial-Institutions-More-Pronounced-In-1Q-2009-716451>
  
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