S&P cuts Japan’s rating to AA-

The ratings agency blamed the drop from AA on the country’s enormous public debt burden looking likely to rise faster than expected, and an apparent lack of strategy in the government over how to tackle this issue. But market observers are not too concerned.

  • 27 Jan 2011

Standard & Poor’s (S&P) downgraded Japan’s sovereign rating from ‘AA’ to ‘AA-‘ today (January 27), citing the country’s fast-expanding public debt burden and an apparent lack of agreement in the government about how to handle it.

However despite the surprising timing of the move - S&P placed the country on ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 3,599.18 10 11.11%
2 HSBC 1,925.24 7 5.94%
3 Bank of America Merrill Lynch 1,736.50 8 5.36%
4 Itau BBA 916.67 2 2.83%
5 Bradesco BBI 900.00 2 2.78%

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1 Citi 2,421.53 5 33.29%
2 HSBC 937.89 2 12.90%
3 Itau BBA 916.67 2 12.60%
4 Bradesco BBI 900.00 2 12.37%
5 Morgan Stanley 800.00 1 11.00%

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1 HSBC 295.00 1 32.24%
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2 ING 3,184.83 25 9.45%
3 SG Corporate & Investment Banking 2,911.64 17 8.64%
4 Citi 2,741.75 18 8.13%
5 HSBC 1,822.32 18 5.41%

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4 DBS 191.19 2 9.03%