PACE downgrade the latest blow to SIV sector
In a reminder that the worries of the SIV sector are not quite over, Moody’s has downgraded the capital note rating of Premier Asset Collateralized Entity (PACE), the vehicle sponsored by Société Générale. This week EuroWeek will review the state of the SIV sector while considering what the downgrade means for this particular SIV and the sector in general.
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