StanChart heats hybrid tier one — but Moody’s prepare to rewrite rules
The hybrid tier one market is back with a vengeance this week as Standard Chartered built a $9bn book for its $1.5bn deal and Crédit Agricole is following with its own deal. The new deals are arriving just as Moody’s has launched a consultation paper on proposed changes to its hybrid ratings methodology. Read EuroWeek on Friday for a full report.
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