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That is three levels below the highest possible rating, and S.& P.'s first downgrade of Japanese government debt since 2002.
The news came just over two weeks after the credit ratings agency Standard & Poor's downgraded Japan's long-term sovereign debt, to AA- from AA, three levels below the highest possible rating.
S.& P. lowered its credit rating for Japan to AA- from AA, three levels below the highest possible rating and its first downgrade of Japanese government debt since 2002.
And many of the costs of financial instability, were it to arise, would inevitably end up on the government's tab.That is one reason the agency this week downgraded the government's local-currency credit rating by one notch, to A+ (it is now four notches below the highest possible AAA rating).
The Galaxy S4 Active is being badged as a phone for outdoorsy types — hence it's dust and water resistent to IP67 (one below the highest possible rating) and has a fully sealed design.
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The silicone EIT belt was placed around the thoracic circumference at the highest possible level (below the armpits) at the (third)/fourth intercostal space (ICS).
Britain set the bar at the highest possible figure, £18 – all goods below this price imported from outside the EU did not attract VAT.
At the highest possible temperature we could.
It seeks the highest possible moral ground for sustained engagement.
"People want simplicity, convenience and the highest possible security.
She has the highest possible attorney rating (AV Preeminent) by Martindale Hubbel.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com