The rating agency made its decision following increases in public debt levels and the deficit-to-GDP ratio – the outlook remains negative.
The rating agency Fitch downgraded Japan's score by two notches, now updated to 'A+'. The decision was taken following increases in public debt levels and the deficit-GDP ratio.
For Fitch, Japan's rating outlook remains negative. “Japan's fiscal consolidation plan appears lenient and its implementation is subject to political risks,” said Andrew Colquhoun, Fitch's director of Asia-Pacific public debt assessments, quoted in a statement.
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