Moodys downgrade Japan credit rating

  • Moody's have cut Japan's credit rating.
  • Japan's rating cut by one notch; from Aa3 to A1.
  • Outlook on Japan's rating described by the credit ratings agency as stable. 
  • Moody's cited three key factors in the downgrade, among them the 'heightened uncertainty over the achievability of fiscal deficit reduction goals' and potential for reduced debt affordability in the medium term. 

Moody's press release