{"id":20090,"date":"2011-09-06T23:50:00","date_gmt":"2011-09-06T21:50:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/eurobonds-sp-to-step-down\/"},"modified":"2011-09-06T23:50:00","modified_gmt":"2011-09-06T21:50:00","slug":"eurobonds-sp-to-step-down","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/eurobonds-sp-to-step-down\/","title":{"rendered":"Eurobonds: S&#038;P to step down!"},"content":{"rendered":"<p class=\"post_excerpt\">The agency backpedaled today, indicating that its director had been wrong declaring that a Eurobond would get the rating of the worst rated country\u2026\n<\/p>\n<p><!--more--><br \/>\nConfusion is definitely taking over at Standard &#038; Poor&#8217;s. This weekend, the director of sovereign ratings in Europe declared that Euro-bonds will score CCC, same as Greece\u2019s rating, even if the bonds were also backed by Germany and France. <\/p>\n<p>The agency backpedaled today, indicating that its director had been wrong declaring that a Eurobond would get the rating of the worst rated country\u2026<\/p>\n<p>\u201cS&#038;P would like to clarify these remarks about Eurobonds during the Alpach forum in September 3. They were referring to bonds with a multiple guarantee and not a common one\u201d tried to justify the agency in a statement today. <\/p>\n<p>\u201cAccording to the criteria published by S &#038; P, bonds with multiple guarantees (in which each issuer guarantees its debt share) are usually rated (some factors put aside) the same as the lowest rated participant. The bonds that have a common guarantee (where each issuer provides the entire debt, not only his part) are subject to different criteria, and often better rated\u201d. <\/p>\n<p>With such weak explanations, S&#038;P\u2019s reputation will undoubtedly continue to deteriorate after having been strongly affected by the episode of the USA\u2019s AAA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agency backpedaled today, indicating that its director had been wrong declaring that a Eurobond would get the rating of the worst rated country\u2026<\/p>\n","protected":false},"author":20,"featured_media":20088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1856,1858,1859,1876,1671,1681,1968,1676,1651,1910],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/20090"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=20090"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/20090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/20088"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=20090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=20090"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=20090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}