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S&P rates Development Bank of Japan notes AA-
Standard & Poor's said it assigned an AA- debt rating to the dollar-denominated government-guaranteed notes issued by the Development Bank of Japan Inc.
The $500 million notes due March 13, 2017 have a coupon rate of 1.50%.
The ratings reflect the unconditional and irrevocable guarantee of the government of Japan, S&P said.
The ratings also consider its status as a government-related entity and a financial institution that is 100% owned by the government, the agency said.
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