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A plan buried in the Conservative Manifesto calling for the creation of UK sovereign wealth funds should be taken on whichever party finds itself in power next month.
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It has been a long time coming but Indonesia has finally regained its investment grade status from all three major ratings agencies, after S&P boosted the sovereign’s rating to BBB- from BB+ with a stable outlook on May 19.
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Market watchers expect spreads on Chinese bonds to widen in the near term because of Moody's downgrade of the sovereign, but there is little concern that the country’s offshore debt issuers will be hit hard.
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The Asian Infrastructure Investment Bank has announced a new head of treasury strategy, the latest hire in its recruitment drive.
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S&P has raised Indonesia’s long-term sovereign credit rating to BBB- from BB+ with a stable outlook, on the back of reduced risks to the country’s fiscal metrics. Seven corporates were also upgraded by the agency last Friday.
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Some of the UK’s major borrowers, especially in the utility sector, are preparing for a future without European Investment Bank funding, as the supranational’s lending in the UK is set to be caught up in fraught Brexit negotiations.