Editorial: Ratings in moderation

Editorial

Richard Jory

It looks as if it may get a lot more complicated for banks to sell structured products to institutional investors in Europe, though it hasn't happened yet. For banks, read subsidiaries of foreign banks; and for institutional investors, read pension funds and insurance companies, which are banned from buying products issued by entities rated below Single A by Standard & Poor's (S&P).

Many institutional investors are bound to buy only well-rated assets, which often means those that are Single-A or

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: