Moody's (July 29), DBRS (August 18), Standard & Poor's (August 19), Japan Credit Rating (August 26) and Fitch (August 27) have published their decisions over the past weeks.
"The key message that I draw from the analyses published by the agencies is that our government's plan to return to a balanced budget in 2015-2016 is credible. However, the credit rating agencies have issued a warning: we must successfully carry out the budgetary restraint that we have adopted. The time for cosmetic changes has passed," Minister LeitÃo added.
"We know that our plan requires rigorous spending management. For this reason, we have adopted structuring measures to pinpoint the means of realizing the plan and to enhance the competitiveness of the
SOURCE Cabinet du ministre des Finances
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