Sovereign & Supranational

Highlights

• 7 May 2013
  • China’s Aa3 rating supported by controlled growth slowdown
    The sovereign's Aa3 foreign and local currency bond ratings remain supported by its relatively high economic strength and very high government financial strength, which are not jeopardized by the country's new era of slower growth. The country's low, but not insignificant, susceptibility to event risk, along with its moderate institutional strength, currently constrain its rating… Press Release l Full Report
• 3 May 2013
  • Asian Development Bank’s rating outlook is stable
    The ADB’s long-term rating is Aaa, and its short-term rating is also at the highest level of Prime-1. The main rating considerations are its (1) prudent financial policies; (2) demonstrated strong support from shareholders; and (3) established “preferred creditor status,” which ensures that sovereign debt owed to ADB is excluded from any restructuring of any other sovereign obligations... Full Report
• 2 May 2013
  • Key drivers of Slovenia’s downgrade to Ba1 from Baa2
    We provide further insight into the views and analytical considerations behind our decision to downgrade Slovenia’s government bond rating. The key drivers were the state of Slovenia’s banking sector, the marked deterioration of Slovenia’s government balance sheet, and the country’s uncertain funding prospects. The negative outlook reflects our view that challenges for the banking system remain substantial... Full Report