Abstract: SINGAPORE (Standard&Poor's) Dec. 11, 2008--Standard&Poor's Ratings Services today assigned its 'AA' senior unsecured long-term local currency debt ratings to Japan International Cooperation Agency's (JICA; AA/Stable/A-1+) nonguaranteed zaito agency bonds: series 1 ¥30 billion 2.47% due Sept. 20, 2028. "The issuer credit ratings on JICA are based on its public policy role as the primary governmental institution that extends financial and non-financial facilities to promote and support the government of Japan's (AA/Stable/A-1+) external policy objectives. The agency is an integral part of the government's overall mechanism for advancing Japan's relations with other countries by providing assistance to developing nations," said Standard&Poor's credit analyst Takahira Ogawa. The ratings incorporate the support that JICA receives from the

Brief Excerpt: RESEARCH Ratings Definitions Japan International Cooperation Agency's Series 1 Zaito Agency Bonds Rated '##' Publication date: 10-Dec-2008 Primary Credit Analyst: Takahira Ogawa, Singapore (65) 6239-6342; takahira_ogawa@standardandpoors.com...

Report Type: News
Issuer: Japan International Cooperation Agency
Sector: Global Issuers, International Public Finance, Sovereigns
Country: Japan
Region: Asia
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