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.

Register to

In this section

Latest Issue 2014/15 December-January

Lastest Issue

Full coverage of the KangaNews Awards 2014. Financial-system inquiry final report, impact on bond markets and a bank CEO responds. Insights from the 2014 KangaNews Corporate Debt Summit. Australia and New Zealand annual reviews. China-Australia free trade and RMB bonds. 2014 deal data.