Moody's- Impact of Japan's Disasters, Risks to the Downside Have Increased _21 March 2011
Contents
Impact of Japan's Disasters: Risks to the Downside Have Increased 3
Japan’s Support Will Carry Large Companies Through Bond Market Shutdown 7
Japanese Banks Will Maintain Their Credit Quality 8
Impact of Japanese Earthquake is Likely to be Moderate for Life Insurers 9
Nuclear Plant Disaster Will Have Material Consequences for Japanese Utilities 11
Japan Nuclear Crisis Stokes Fears, a Credit Negative for US Reactors 13
Germany’s Nuclear Power Moratorium is Credit Negative for Utility Giants 14
Higher Compliance Costs Will Weigh on Korean Nuclear Firm 15
General Electric, Designer of Stricken Reactors, Faces Risks to Nuclear Business 16
US Automakers Could Gain Market Share in Wake of Japan Disaster 17
Japan Earthquake Affects Supply Chain, a Credit Negative for US Tech Companies 18
Disruption in Japan Will Crimp Tech Supply Chains 19
Earthquake-Related Slowdowns at Japanese Chemical Plants are Credit Positive for Other Chemical Producers 20
Japan’s Eventual Rebuilding Effort is Credit Positive for Lumber Producers 21
Wal-Mart’s Operations in Japan are Important but Not Critical 22
Estée Lauder, Elizabeth Arden Face Weaker Department-Store and Travel-Retail Sales, Post Earthquake 23
American Seafoods Delays Fish Roe Auction, a Credit Negative 23
Disruption at Key Japanese Supplier Is Credit Negative for Dentsply 24
Japan’s Earthquake Adds to the Woes of Qantas, Air New Zealand 25
Japan’s Electricity Needs are Credit Positive for Australian LNG Producers 26
Situation in Japan Rebalances Asia Pacific's Energy Market 28
Moody’s Related Research 32