Slovenia shrugs off Moody’s downgrade
Investors sided with the Republic of Slovenia against Moody’s this week, supporting a dual tranche dollar deal on Thursday at tighter prices than at a failed launch a couple of days earlier — just before a two-notch downgrade by the agency.
"This has been a huge embarrassment for Moodys," charged an origination official at one of the lead managers. "It downgraded the country on the basis of funding uncertainty when it was in the middle of a deal with a $12bn book."
Moodys blamed the cut on the countrys weak
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