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 2015 June-July

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Rates market focus: HQLA regime reviewed, long-dated futures and New Zealand demand. Global perspectives roundtable. KangaNews Fixed-Income Research Poll 2015: full coverage. Australasian budget wrap. And much more…