Sovereign debt latest publications
In recent months we have witnessed a notable compression in sovereign CDS at the global level, in an economic scenario that is full of uncertainty and in which public debt is at an all-time high.
European banks hold sovereign debt on their balance sheet for multiple reasons. Firstly, sovereigns are eligible in order to comply with liquidity requirements. In addition, they can be used as collateral in the private repurchase markets ("repo") and to obtain funds from the central bank.
August 27, 2014
S&P affirmed its long-term foreign currency rating for Peru at BBB+ with stable outlook
The rating agency noted that negative shocks are of a temporary nature, while investment projects will drive growth to a range of 5% -6 % between 2015 and 2017