Japan’s Credit Rating Cut to AA- by Standard & Poor’s
January 27, 2011 at 11:03 AM EST
Japan’s credit rating was cut for the first time in nine years by Standard & Poor’s as persistent deflation and political gridlock undermine efforts to reduce a 943 trillion yen ($11 trillion) debt burden. The world’s most indebted nation is now ranked at AA-, the fourth-highest level, putting the country on a par with China, [...]
