Moody’s assigns JBIC bonds A1

Moody's Japan K.K. said it assigned rating of A1 to total of $1 billion senior unsecured fixed-rate bonds due 2026 issued by Japan Bank for International Cooperation (JBIC).

The outlook is stable.

The debt is guaranteed by the Government of Japan.

Moody’s said the A1 rating reflects its view of JBIC’s strong links with the government of Japan (A1, Stable).

The agency concludes that the creditworthiness of JBIC reflects that of the sovereign, given the integration of its mandate with the government's foreign economic policies and the high level of government oversight of its operations.

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