SMEs next in S&P firing line

17 Jan 2012

Standard & Poor’s is asking for comment on its plans to change SME CLO rating criteria — which could lower ratings by an average of four notches.

In an impact assessment, no bonds in S&P’s sample of 21 transactions across Europe retained triple-A ratings, with most downgraded to single-A.

“Based on the sample, substantially all investment-grade tranches would be negatively affected,” said S&P. “The most prominent downgrades in terms of the magnitude of the downgrade

by rating ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data