Issuers stand strong as rating agencies rattle triple-A foundations

March 16, 2010 12:00 am

Changes in rating methodologies and assumptions have brought covered bond ratings under pressure, with Standard & Poor’s in particular frightening the market when it proposed a new methodology it originally said could lead to downgrades of 60% of ratings. Issuers are working hard to protect their triple-A covered bond ratings, finds Susanna Rust.

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