Bankers insist SSA downgrades would not kill Kangaroo opportunities
- Friday, 09 December 2011
Following its placement of several Eurozone sovereigns on to negative credit watch, Standard & Poor's has done the same with the triple-A ratings of 15 Kangaroo issuers – including the market's two largest borrowers, European Investment Bank and KfW Bankengruppe. However, intermediaries say they are confident that while downgrades might affect pricing they would not necessarily close the door to Kangaroo issuance.
