Japanese government bond credit rating "A" also lowered future outlook 13:09 July 29
Fitch Ratings, a major rating agency, announced that it will downgrade its outlook for credit ratings on JGBs. It is said that the issue is that the issuance of deficit-bearing government bonds has increased due to the economic measures against the new coronavirus, and the budget deficit is expanding.
According to the announcement, Fitch Ratings has lowered the outlook for the future rating of JGBs from "stable" to "weak".
About the reason The rating company says that the economic deficit corresponding to the new coronavirus is that the budget deficit is expanding as the Japanese government issues more deficit-financing bonds.
However, this is not a “downgrade” that lowers the JGB rating, and the rating itself remains at “A”, which is the sixth from the top in the 21st stage.
Regarding the outlook for Japanese government bond ratings, S&P Global Ratings, a major US rating agency, also changed from "positive" to "stable" in June this year.