ECB add fallen angels: More could follow
The ECB is to expand its collateral eligibility to fallen angels and we believe potentially all BB debt down the line. As long as a fallen angel was…
Lowe helps AUD lower
Australian dollar sitting a little above 0.7050. A push below 0.70 wouldn't take too much and the RBA Governor seems happy to help.
Hungary: S&P delivers the long-awaited ‘BBB’
Standard and Poor’s upgraded Hungary to ‘BBB’ (Outlook: Stable) after 18 months with a positive outlook. It can be the first but…
Fitch Ratings affirmed Hungary’s ‘BBB-’ rating and the outlook remains positive. As S&P took the same action two weeks ago, this…
Despite pros outweighing the cons, S&P only affirmed the Hungarian sovereign debt rating. This time we have a chance with Fitch, but don’t hold…
Turkey: Moody's bank downgrades look harsh
Philippines: S&P upgrades outlook to positive
Early Christmas present for Portugal
