Sovereign debt

Sovereign debt latest publications

November 18, 2019

The culmination of the banking union: a German proposal

Following the financial crisis that led to a European sovereign crisis in 2012, the European Commission developed a roadmap for the creation of the banking union, based on three key pillars: the Single Supervisory Mechanism (SSM), the Single Resolution Mechanism (SRM) and the Deposit Guarantee Scheme (DGS).

September 23, 2019

Will sovereign risk premiums continue to fall?

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.

April 8, 2019

Sovereign debt in European banks

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