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

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
Published Apr 20, 2009
2427 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 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; ryoji_yoshizawa@standardandpoors.com...

  
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. Jul 02, 2015. <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 Jul 02, 2015 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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