Not exact matches
Fitch now rates Japanese debt as an A, which is five full notches
below the top AAA rating... and just a few notches short of actual non-investment-grade
junk status.
At
junk status during the company's dark days, the firm's debt is now just one notch
below investment grade.
In fact, it seemed to take the worst news possible — like
Junk Status downgrades — to spark life back into the Rand and trigger a significant strengthening, as the
below Chart shows.