October 24, 2019 / 1:32 AM / 20 days ago

Moody's affirms Japan's A1 rating, stable outlook

Oct 24 (Reuters) - Rating firm Moody’s on Thursday said it affirmed Government of Japan’s A1 long-term foreign currency and local currency issuer and local currency senior unsecured ratings and maintained a stable outlook.

Moody's expects "Japan's fiscal and debt metrics to stabilize in the next few years, with a window offered by less severe demographic trends, for the government to implement more measures and shore up its finances ahead of immense pressure starting to build from the mid-2020s and in the 2030s," it said here in a statement. (Reporting by Mekhla Raina in Bengaluru; Editing by Himani Sarkar)

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