Broken joints

Rating Agencies

risk0407-pg66-mahoney-jpg

Talk about ratings volatility: on February 22, Icelandic bank Glitnir had a senior debt rating of A1. A day later, it was catapulted six notches to Aaa. Moody's Investors Service has now signalled that Glitnir's rating is likely to end up somewhere between the two by April 10 - although no-one is yet sure where. None of this seesawing is occurring because of changes in the creditworthiness of the bank itself, so what's going on?

The answer is Moodys' new bank ratings approach, which makes

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

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 individual account here