More SSA borrowers lose AAA status and repo eligibility but EIB holds onThe most recent round of downgrades to European sovereigns by Standard & Poor’s (S&P) – most significantly affecting the ratings of Austria and France – has caused A$2.45 billion (US$2.54 billion) of supranational, sovereign and agency (SSA) Kangaroo paper to lose its AAA status. The second largest Kangaroo borrower, European Investment Bank (EIB), has maintained its top S&P rating albeit with negative outlook.
Latest Issue 2015 April-May Supplement: DCM Summit
In depth coverage of the KangaNews DCM Summit 2015, including insights of key market players from the buy and sell sides. Coverage includes market views on global demand for Australian dollar assets, insights from APRA and the RBA and economic commentators' interpretation of the global economy.