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 2016/17 December-January
Full coverage of KangaNews’s strategists’ roundtable. KangaNews Awards 2016 winners and trends. Asian investors on Australasian credit. Today and tomorrow in Australian securitisation. Market response to the US election. Australian high-grade issuers and global investors.