Moody's rates JBIC bonds A1

Moody's Investors Service said it assigned an A1 backed senior unsecured rating to total of $3.5 billion senior unsecured bonds due 2021, 2023 and 2028 issued by Japan Bank for International Cooperation (JBIC).

The outlook is stable.

The debts are guaranteed by the government of Japan, Moody's said.

The specific debt issues rated are $1 billion fixed-rate senior unsecured bonds, series 33 JBIC government-guaranteed global dollar-denominated bond due 2021; $1.5 billion fixed-rate senior unsecured bonds, series 34 JBIC government-guaranteed global dollar-denominated bond due 2023; and $1 billion fixed-rate senior unsecured bonds, series 35 JBIC government-guaranteed global dollar-denominated bond due 2028.

The agency also said it assigned an A1 rating to the issue to reflect the bank's strong links to the government of Japan, Moody's said.

The bank has a mandate with the government's foreign economic policies and the high level of government oversight of its operations, the agency said.

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