Tuesday, July 3, 2007

UPDATE 2-Moody's puts Japan A2 rating on review for upgrade

(Reuters) - TOKYO, July 4 - Moody's Investors Service placed
Japan's A2 sovereign rating on review for a possible upgrade on
Wednesday, saying Japan had reached an "inflection point" in
efforts to curb its massive government debt.




An upgrade by Moody's of Japan's A2 sovereign rating for
domestic-currency debt would mark a turnaround from a series of
downgrades by the ratings agency, which began by cutting Japan's
top-notch Aaa rating in November 1998.


Read more at Reuters.com Bonds News

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