Japan's Debt Rating Raised by Standard & Poor's for First Time Since 1975

(Bloomberg) -- Japan's debt rating was raised one level to AA from AA- by Standard & Poor's, citing the government's efforts to balance the budget.

It's the first time S&P has increased Japan's long-term currency debt rating since it assigned the top AAA grade to the country in 1975. The U.S. ratings company downgraded Japan's rating three times between February 2001 and April 2002.


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