Issuers

Hungary downgraded to junk status

Thursday, December 22, 2011

S&P has downgraded the sovereign credit rating of Hungary to BB+ from BBB-.

The agency cites changes to the constitution and the functioning of some institutions such as the central bank as undermining the country's institutional effectiveness.


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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

 

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