Reuters: Financial Services and Real Estate: TEXT-S&P summary: Yokohama (City of)

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TEXT-S&P summary: Yokohama (City of) Apr 27th 2012, 06:38 Fri Apr 27, 2012 2:38am EDT (The following statement was released by the rating agency) Apr 27 - =============================================================================== Summary analysis -- Yokohama (City of) ---------------------------- 27-Apr-2012 =============================================================================== CREDIT RATING: AA-/Negative/A-1+ Country: Japan Primary SIC: Legislative bodies =============================================================================== Credit Rating History: Local currency Foreign currency 11-Sep-2008 AA-/A-1+ AA-/A-1+ 04-Oct-2006 AA-/-- AA-/-- =============================================================================== Rationale The ratings on the City of Yokohama (AA-/Negative/A-1+) reflect its wide array of industries, broad tax base, strong financial management, and predictable and well-balanced institutional framework. The main factors constraining the ratings are Yokohama's high debt and deteriorating financial flexibility. Link this Share this Digg this Email Reprints

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