Moody's withdraws Hamamatsu City's A1 ratings - Moody's Global Credit Research

Moody's withdraws Hamamatsu City's A1 ratings

Moody's withdraws Hamamatsu City's A1 ratings - Moody's Global Credit Research
Moody's withdraws Hamamatsu City's A1 ratings
Published Apr 25, 2024
4 pages (1840 words) — Published Apr 25, 2024
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Report Type:

Rating Action

Company:
HAMAMATSU CITY
Issuer
Hamamatsu City
Format:
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Moody's withdraws Hamamatsu City's A1 ratings (Japanese) - Rating Action – 2024/04/25 – US$ 180.00 – ... Inc. MCOMoody's Investors ServiceMoody's Investors ServiceMCO Moody's Investors Service, Inc.MCO5%SEC " ...

Hamamatsu City (Japan): Update to credit analysis - Credit Opinion – 2024/02/08 – US$ 250.00 – ...Hamamatsu City's (A1 stable) credit profile reflects our view that the Government of Japan's (A1 stable) rating and those of the regional and local governments (RLGs) 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. We also assess that there is a very high likelihood that the Japanese government would step in to provide immediate assistance in the event of an acute liquidity crisis. Hamamatsu City's rating also reflects its strong fiscal performance, with a high degree of discipline and lower debt burden than other Japanese RLGs that we rate....

Hamamatsu City (Japan):Update to credit analysis - Credit Opinion – 2024/02/08 – 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 8 February 2024 : ...

Hamamatsu City (Japan): Update to credit analysis - Credit Opinion – 2023/05/18 – US$ 250.00 – ...Hamamatsu City's (A1 stable) credit profile reflects our view that the Government of Japan's (A1 stable) rating and those of the regional and local governments (RLGs) should be the same because of 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 any 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 in the event of an acute liquidity crisis. Hamamatsu City's rating also reflects its strong fiscal performance, with a high degree of discipline and lower debt burden than those of other Japanese RLGs....

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 withdraws Hamamatsu City's A1 ratings" Apr 25, 2024. Alacra Store. May 05, 2024. <http://www.alacrastore.com/moodys-credit-research/Moody-s-withdraws-Hamamatsu-City-s-A1-ratings-PR_488690>
  
APA:
Moody's Global Credit Research. (). Moody's withdraws Hamamatsu City's A1 ratings Apr 25, 2024. New York, NY: Alacra Store. Retrieved May 05, 2024 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-withdraws-Hamamatsu-City-s-A1-ratings-PR_488690>
  
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