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Loan Modification

: Mortgage Lender Implode-o-Meter

Japan Credit Rating Cut by S&P on Absence of Strategy to Curb Debt Levels

By Implode-Explode Heavy Industries

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``Japan?s credit rating was cut for the first time in nine years by Standard & Poor?s as persistent deflation and political gridlock undermine efforts to reduce a 943 trillion yen ($11 trillion) debt burden. The world?s most indebted nation is now ranked at AA-, the fourth-highest level, putting the country on a par with China, which likely passed Japan last year to become the second-largest economy.''

Full post as published by Mortgage Lender Implode-o-Meter on January 28, 2011 (boomark / email).

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