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Issuers
Hungary follows Portugal in fall from investment grade
Friday, November 25, 2011
Hungary was yesterday downgraded by Moody's from Baa3 to Ba1 removing its investment grade status.
The move to ‘junk’ status reflects the sovereigns high debt ratio and the uncertainty surrounding the governments ability to meet its fiscal and debt reduction targets.
The downgrade follows Portugal’s downgrade earlier in the day by Fitch.
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Trading
Funds
Structured
CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
