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 February
Australian corporates weight structured finance options. Major bank funders roundtable. Strategist outlook for Australia and New Zealand. Victoria’s treasurer on budgetary responsibility. L-Bank returns to Kangaroo issuance. Australia’s wholesale tier-two market opens.