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
Will infrastructure supply reach the AUD bond market? Also: green bonds, NAB on deal innovation, New Zealand outlook, bank funding and capital, the latest Fitch-KangaNews investor survey, terms and conditions compared, QTC discusses changing environment, news, opinion and deal data.