Wednesday, June 1, 2011

Standard & Poor's downgraded Japan

International rating agency Standard & Poor's lowered Japan's sovereign rating from stable to negative, according to Bloomberg, on Wednesday, April 27. According to the forecast agency, the earthquake and tsunami will increase the already large foreign debt in Japan, and mitigation of natural disasters have a negative impact on economic growth. Previously, a decrease of the sovereign rating of Japan experts predicted the agency Moody's. They said that the impact of elements could derail Japan's securities market. Recall that in the earthquake and tsunamis in Japan March 11, 2011, killing nearly 14,000 people. The same number of unaccounted for.

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