Moody's: Development Bank of Japan bond Aa3

Moody's Japan K.K. said it assigned Aa3 ratings to the Development Bank of Japan Inc.'s domestic bond, which is guaranteed by the Government of Japan.

The outlook is stable.

In accordance with Moody's government-related issuers rating methodology, the agency said that the Aa3 ratings reflect the combination of the following inputs: (a) Baseline credit assessment of 7; (2) Japan's domestic currency bond rating of Aa3; (c) "very high" default dependence with the Government of Japan; and (d) "very high" support probability by the Government of Japan.

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