Moody's cuts outlook for Japan credit rating (AP)

[AP] - Moody's Investors Service downgraded Japan's credit rating, citing the country's weak growth prospects, massive government debt and constant political turmoil.

Major ratings agency Moody's Investors Service downgraded Japan's sovereign debt rating by one notch Wednesday, putting fresh pressure on the country's political leaders to repair its finances.Moody's said it was cutting Japan's government bond rating to Aa3 from Aa2, citing the "large budget deficits and the build-up in Japanese government debt since the 2009 global recession".It is the first time since the March 11 earthquake and tsunami that a major ratings agency has downgraded Japan's sovereign debt. Moody's said the outlook was stable.

Major ratings agency Moody's Investors Service downgraded Japan's sovereign debt rating by one notch Wednesday, putting fresh pressure on the country's political leaders to repair its finances.Moody's said it was cutting Japan's government bond rating to Aa3 from Aa2, citing the "large budget deficits and the build-up in Japanese government debt since the 2009 global recession", according to Dow Jones Newswires.It is the first time since the March 11 earthquake and tsunami that a major ratings agency downgraded Japan's sovereign debt. Moody's said the outlook was stable.

[AP] - Moody's downgraded Japan's credit rating, citing the country's weak growth prospects, massive government debt and constant political uncertainty.

[AP] - Moody's downgraded Japan's credit rating, citing the country's weak growth prospects, massive government debt and constant political uncertainty.

[AP] - Moody's downgraded Japan's credit rating, citing the country's weak growth prospects, massive government debt and constant political uncertainty.

Moody's Investors Service lowered Japan's credit rating, making the country the latest to be hit in the latest round of sovereign debt downgrades. The move aligns Moody's with S&P and Fitch.