Standard and Poor's Plans to Lower Japan's Credit Ratings

Standard and Poor's reported Tuesday a prospective downgrade in Japan's sovereign credit ratings if things don't change in their data or economic house.

Japan, whose current rating is AA, has reported what Standard and Poor's called a "high government debt burden and weak demographic profile".

While Standard and Poor stated in their announcement that the new Democratic party of Japan has created policies to correct the issue, they believe, "(The policies) point to a slower pace of fiscal consolidation than we had previously expected."
Hence, Japan may be recieving an AA- rating until things change more quickly.