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Fitch downgrades Cyprus on continued fiscal slippage

Thursday, August 11, 2011

Fitch yesterday downgraded Cyprus to BBB from A-, saying the move was driven by actual and anticipated fiscal slippage.

Comment by: Anonymous. Posted 12 years ago [2011-08-11 17:22:47]

It's odd that all parties acknowledge high probability that Cyprus will need a Greek-style bail-out to pay near-term debt but that all rating agencies still have this sovereign at investment-grade. Why should Cyprus not have a below-IG rating due to the Greece example of imposing losses on bondholders?

CLOs

Middle market portfolios aren't immune to rate stress, according to new research 2 days ago
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Neuberger Berman resets 2016 vintage for second time 2 days ago
Beach Point brings in tight price for third US CLO 2 days ago

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