S&P downgrades Japan’s rating outlook as weak government finances deteriorated due to pandemic

<p>S&#38;P Global Ratings affirmed Japan&#8217;s A+ long-term and A-1 short-term sovereign credit ratings. However, outlook is downgraded from positive to stable as the &#8220;weak government finances have deteriorated further in fiscal 2020 owing to the COVID-19 pandemic&#8221;. &#8220;The fiscal position should improve materially once the outbreak recedes and economic growth returns. Nevertheless, we expect the [&#8230;]</p> <p>The post <a rel="nofollow" href="https://www.actionforex.com/live-comments/301900-sp-downgrades-japans-rating-outlook-as-weak-government-finances-deteriorated-due-to-pandemic/">S&#038;P downgrades Japan&#8217;s rating outlook as weak government finances deteriorated due to pandemic</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>