No S&P decision on guarantee treatment as launch approaches
- Tuesday, 25 November 2008
The likely treatment of the Australian government’s guarantee on term debt by rating agencies remains unclear even as the November 28 introduction of the final version of the scheme looms. Standard & Poor’s (S&P) confirms it is yet to make its final decision on whether guaranteed bank debt will receive a triple-A rating despite speculation that it was ready to make the commitment.
