SSAs truck on despite ECB warnings over global financial stability

Euro Book
By Lewis McLellan
20 Nov 2019

The last few SSA issuers are making their way to market despite a sell-off in risk assets based on rumblings of further tariffs between the US and China and a European Central Bank report showing increased threats to global financial stability.

The ECB has published a report highlighting that low rates have contributed to a “build-up of vulnerabilities, not least by lowering financing costs for riskier borrowers”.

The statement is nothing new to investors. James Athey, senior portfolio manager at Aberdeen Standard Investments, said: “Nothing really looks attractive in the ...

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