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Moody’s changes Japan Retail view
Moody's Investors Service said it affirmed Japan Retail Fund Investment Corp.'s A3 issuer and senior unsecured ratings.
At the same time, Moody's changed the outlook to negative from stable.
“The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, falling oil prices, and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets,” the agency said in a news release.
“The combined credit effects of these developments are unprecedented. The retail and retail property sectors have been significantly affected by the shock given their sensitivity to consumer demand and sentiment.”
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