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 2014 April
New Zealand: the 'rock star' economy. Annual awards dinner photos. Prospects in the Australian syndicated loans and listed debt markets. Satyajit Das on emerging markets problems. Are cash rates 'too low'? Fixed income in SMSF.