S&P Cuts Outlook to Negative on Multiple Japanese Banks, Insurers, Power Companies on Sovereign Revision
Standard & Poor’s has revised the outlook to negative for a number of Japanese banks, insurers and power companies, plus several public institutions and local governments after it revised the country’s sovereign rating outlook to negative. Standard & Poor’s expects costs related to the March 11, 2011,earthquake, tsunami, and nuclear power plant disaster will increase Japan’s [...]
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