New S&P Methodology Confuses

New S&P Methodology Confuses

Corporate & Sovereign Strategy

S&P's new global recovery ratings scale, designed to help investors better determine their probability of recovering investments during a sovereign default, has ended up confusing the market. Participants on a conference call to explain the new methodology questioned S&P analysts repeatedly on whether Colombia was now an investment grade credit. They also questioned the assumptions made on the new numeric ratings that predict investors in Colombia foreign currency debt have a higher probability

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