Fitch Cuts Japan’s Credit Outlook To Negative

Monday, June 13, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jun 13, 2016

Following Abe’s decision to delay the April 2017 increase in the consumption tax, warnings about Japan’s rating (recall that Japan’s consolidated debt/GDP ratio is the highest in the world at 400%) were inevitable, and moments ago Fitch was the first to come out and while “affirming” Japan’s AA rating, it was the first major agency to cut its outlook from Stable to Negative. Expect the other two big agencies to do the same, followed inevitably by downgrades.

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