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16 Sep 2015
Yen unfazed after S&P downgrades Japan from AA- to A+ - BBH
FXStreet (Delhi) – Research Team at BBH, note that the Japan has been downgraded by the global rating agency with a stable outlook in today’s session.
Key Quotes
“S&P cut Japan a notch from AA- to A+ and moved to a stable outlook. The move was not surprising, as it brings S&P more into line with Moody’s (A1) and Fitch (A).”
“Our own sovereign ratings model shows Japan at A+/A1/A, and so we agree with S&P’s move today. The yen was unfazed, with dollar/yen trading flat near 120.45.”
Key Quotes
“S&P cut Japan a notch from AA- to A+ and moved to a stable outlook. The move was not surprising, as it brings S&P more into line with Moody’s (A1) and Fitch (A).”
“Our own sovereign ratings model shows Japan at A+/A1/A, and so we agree with S&P’s move today. The yen was unfazed, with dollar/yen trading flat near 120.45.”