Moody's assigns A1 to City of Yokohama's domestic bonds due May 2054 (Japanese only) - Moody's Global Credit Research

Moody's assigns A1 to City of Yokohama's domestic bonds due May 2054 (Japanese only)

Moody's assigns A1 to City of Yokohama's domestic bonds due May 2054 (Japanese only) - Moody's Global Credit Research
Moody's assigns A1 to City of Yokohama's domestic bonds due May 2054 (Japanese only)
Published Apr 25, 2024
4 pages (207 words) — Published Apr 25, 2024
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4/4 PRC 3PRC PRC PRC ...

  
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Rating Action

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Yokohama, City of
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City of Yokohama (Japan): Update to credit analysis - Credit Opinion – 2024/04/04 – US$ 250.00 – ...The credit profile of the City of Yokohama (Yokohama, A1 stable) reflects our view that the rating of the Government of Japan (A1 stable) and those of the regional and local governments (RLGs) in Japan should be the same, given their close links. The considerable level of oversight and supervision exercised by the central government, as well as the well- developed equalization system of transfers through the local allocation tax (LAT) system, ensures that credit issues at the RLG level are identified and addressed early. We also assess that there is a very high likelihood that the Japanese government would step in to provide immediate assistance. Yokohama's rating also balances its prudent management practices and our expectations that fiscal performance will remain sound against GDP per capita that is weaker than the national average and a high debt burden due to its infrastructure development responsibility....

City of Yokohama (Japan):Update to credit analysis - Credit Opinion – 2024/04/04 – 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 9 4 April 2024 : ...

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MLA:
Moody's Global Credit Research. "Moody's assigns A1 to City of Yokohama's domestic bonds due May 2054 (Japanese only)" Apr 25, 2024. Alacra Store. May 04, 2024. <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-A1-to-City-of-Yokohama-s-domestic-bonds-due-May-2054-Japanese-only-PR_488371>
  
APA:
Moody's Global Credit Research. (). Moody's assigns A1 to City of Yokohama's domestic bonds due May 2054 (Japanese only) Apr 25, 2024. New York, NY: Alacra Store. Retrieved May 04, 2024 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-assigns-A1-to-City-of-Yokohama-s-domestic-bonds-due-May-2054-Japanese-only-PR_488371>
  
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