More SSA borrowers lose AAA status and repo eligibility but EIB holds on

The 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.

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Latest Issue 2016 April supplement: KangaNews DCM Summit 2016

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Exclusive insights from the KangaNews DCM Summit 2016 – Australia’s leading forum for debt-market conversation and information exchange – which took place in Sydney on February 22-23.