(ADPnews) - Nov 12, 2010 - Moody's has placed on investment ground Shizuoka Prefecture's series 12 domestic senior unsecured bonds reflecting its budgetary performance and the steady environment and protective institutional framework in Japan.
The debt totals JPY 10 billion (USD 121.7m/EUR 88.9m) and matures in 2015.
In particular, the agency has rated the bonds at Aa2, which indicates debt "of high quality" and "very low credit risk". The outlook is "stable", meaning rating changes are unlikely over the medium term.
According to Moody's the stable conditions reduce the possibility of economic, financial market or political stress to the minimum. Besides, …
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