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Nonsovereign Entities In EMU Candidate Countries See Foreign Exchange Access Risks Recede Aug 05 Product Image

Nonsovereign Entities In EMU Candidate Countries See Foreign Exchange Access Risks Recede Aug 05

  • Published: August 2005
  • Standard & Poors

FEATURED COMPANIES

  • Bulgaria (Republic of)
  • Czech Republic
  • Hungary
  • Lithuania (Republic of)
  • Poland (Republic of)
  • Slovak Republic
  • MORE

Abstract
(Editor's note: In table 1 of this article, originally published on July 28, 2005, The Czech Republic was not listed in the appropriate EMU accession band and, therefore, the highest foreign currency rating that a nonsovereign debtor domiciled in the Czech Republic can achieve was misstated. A corrected version of the article follows.) The prospect of EMU candidate countries joining the Eurozone raises the level of foreign currency ratings that are potentially achievable by private sector borrowers. As candidate countries move toward their accession, the risks of foreign exchange controls being imposed by the sovereign correspondingly decline. This in turn spawns a potential uplift in the foreign currency ratings on those nonsovereign issuers domiciled in accession countries, where such ratings...

Companies mentioned in this report are:
- Cyprus (Republic of)
- Hungary
- Czech Republic
- Slovak Republic
- Malta (Republic of)
- Poland (Republic of)
- Romania
- Slovenia (Republic of)
- Latvia (Republic of)
- Lithuania (Republic of)
- Estonia (Republic of)
- Bulgaria (Republic of)

Standard and Poors RatingsXpress Credit Research READ MORE >

- Cyprus (Republic of)
- Hungary
- Czech Republic
- Slovak Republic
- Malta (Republic of)
- Poland (Republic of)
- Romania
- Slovenia (Republic of)
- Latvia (Republic of)
- Lithuania (Republic of)
- Estonia (Republic of)
- Bulgaria (Republic of)

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