Moody's assigns A1 to City of Sapporo's domestic bonds due May 2052 (Japanese only) - Moody's Global Credit Research

Moody's assigns A1 to City of Sapporo's domestic bonds due May 2052 (Japanese only)

Moody's assigns A1 to City of Sapporo's domestic bonds due May 2052 (Japanese only) - Moody's Global Credit Research
Moody's assigns A1 to City of Sapporo's domestic bonds due May 2052 (Japanese only)
Published May 19, 2022
3 pages (190 words) — Published May 19, 2022
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City of Sapporo (Japan): Update to credit analysis - Credit Opinion – 2022/04/19 – US$ 250.00 – ...The credit profile of the City of Sapporo (A1 stable) reflects our view that the ratings of the Government of Japan (A1 stable) and those of the regional and local governments (RLGs) in Japan should be the same because of their close links. The considerable level of oversight and supervision exercised by the central government and the well-developed equalization system of transfers through the local allocation tax (LAT) system ensure that any credit issues at the RLG level are identified and addressed early. There is also a very high likelihood of the Japanese government stepping in to provide immediate assistance in the event of an acute liquidity crisis. Sapporo City's credit profile reflects also our expectation of a recovery in its operating margin, its good access to capital markets, its high debt burden compared with international peers, and its weaker economy compared with the national average....

City of Sapporo (Japan):Update to credit analysis - Credit Opinion – 2022/04/19 – US$ 250.00 – MOODY'S INVESTORS SERVICE SUB-SOVEREIGN CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 8 19 April 2022 : ...

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More from Moody's Global Credit Research

Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Moody's assigns A1 to City of Sapporo's domestic bonds due May 2052 (Japanese only)" May 19, 2022. Alacra Store. Apr 19, 2024. <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-A1-to-City-of-Sapporo-s-domestic-bonds-due-May-2052-Japanese-only-PR_465893>
  
APA:
Moody's Global Credit Research. (). Moody's assigns A1 to City of Sapporo's domestic bonds due May 2052 (Japanese only) May 19, 2022. New York, NY: Alacra Store. Retrieved Apr 19, 2024 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-A1-to-City-of-Sapporo-s-domestic-bonds-due-May-2052-Japanese-only-PR_465893>
  
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