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Moody’s Investors Service Inc. said Tuesday it plans to announce the results of a three-month review of the Aa3 rating on Japan’s sovereign rating by the end of this month.

On Feb. 13, the U.S. credit-rating agency started the review for possible downgrade on the rating of yen-denominated domestic securities issued or guaranteed by the Japanese government.

Moody’s said the outcome of the review would be either a confirmation of the Aa3 rating or a downgrade by one or two notches.

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