Fitch Ratings affirms Japan's sovereign debt rating at 'A' but downgrades the outlook to negative
Fitch Ratings has affirmed Japan's sovereign debt rating at 'A' on Monday. The outlook has been lowered to negative from stable.
The downgrade was driven by the delay of the scheduled consumption tax rise.
"The Outlook revision primarily reflects Fitch's decreased confidence in the Japanese authorities' commitment to fiscal consolidation," Fitch said.