Press Releases
October 1, 2008
Credit Ratings for JICA:
On Par with Sovereign Ratings
Japan International Cooperation Agency (JICA; President; Sadako Ogata) received high issuer credit ratings on par with the Government of Japan from the following two separate rating agencies, for the issuance of FILP* Agency bonds (bonds without a government guarantee) planned during fiscal 2008:
Rating and Investment Information, Inc. (R&I): AAA
Standard&Poor’s (S&P): AA
In issuing FILP Agency bonds, JICA is committed to providing adequate information for its investors. Every effort is also made to obtain recognition and confidence from the market through consistent and periodic issuance, and with pricing comparable to its creditworthiness and market conditions.
Through the provision of adequate information for investors, JICA is seeking to obtain a better understanding of the “New JICA” which is being inaugurated as a comprehensive aid agency conducting its operations by integrating three aid schemes: technical assistance, ODA loans, and grant aid. (Please see the webpage for investors: http://www.jica.go.jp/english/ir/index.html)
