Report title: Development Bank of Japan's Series 1&2 Zaito Agency Bonds Rated 'AA-'
from S&P Credit Research
890 word report published Dec 04, 2008

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Abstract: SINGAPORE (Standard&Poor's) Dec. 4, 2008--Standard&Poor's Ratings Services today 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 1 ¥33 billion 1.116% due Dec. 20, 2011, and series 2 ¥24 billion 1.367% due Dec. 20, 2013. "The issuer credit ratings on Development Bank of Japan (DBJ) are based on its 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

Brief Excerpt: RESEARCH Ratings Definitions Development Bank of Japan's Series 1 & 2 Zaito Agency Bonds Rated '##-' Publication date: 04-Dec-2008 Primary Credit Analyst: Takahira Ogawa, Singapore (65) 6239-6342; takahira_ogawa@standardandpoors.com...

Report Type: News
Ticker: DBJZ@JP
Issuer: Development Bank of Japan
GICS: Regional Banks (40101015)
Sector: Global Issuers, Sovereigns
Country: Japan
Region: Asia
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