Printer Friendly

Printed from http://www.researchandmarkets.com/reports/1886547

Distressed Sovereign Debt Exchanges: Examples From The Past And Lessons For The Future Jun 11

Description:

Abstract
I'd like to speak to you today about distressed exchanges. The subject is timely given all of the discussion concerning reprofiling Greek government debt. Standard & Poor's Ratings Services' ratings address a narrow subject: the capacity and willingness of an issuerin the case of my group, a central governmentto pay interest and principal on debt on the due date or within the specified grace period specified in the original terms. Rated sovereigns that have missed interest or principal payments in the last 12 years include: Pakistan on bank loans in January 1999. Russia on its MinFin Series III bonds in May 1999. Paraguay on a missed bond put in February 2003. Grenada on bonds in December 2004. Venezuela on missed...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Companies Mentioned

- Australia (Commonwealth of) (Unsolicited Ratings)
- Austria (Republic of)
- Canada
- Denmark (Kingdom of)
- Finland (Republic of)
- New Zealand
- Norway (Kingdom of)
- Sweden (Kingdom of)
- Bolivarian Republic of Venezuela
- France (Republic of) (Unsolicited Ratings)
- Japan (Unsolicited Ratings)
- United Kingdom (Unsolicited Ratings)
- Spain (Kingdom of)
- Germany (Federal Republic of) (Unsolicited Ratings)
- Belgium (Kingdom of) (Unsolicited Ratings)
- Italy (Republic of) (Unsolicited Ratings)
- Hong Kong (Special Administrative Region)
- Swiss Confederation (Unsolicited Ratings)
- Ireland (Republic of)
- Malaysia
- Thailand (Kingdom of)
- Korea (Republic of)
- Singapore (Republic of) (Unsolicited Ratings)
- United States of America (Unsolicited Ratings)
- Iceland (Republic of)
- Netherlands (The) (State of) (Unsolicited Ratings)
- Portugal (Republic of)
- Brazil (Federative Republic of)
- Greece (Hellenic Republic)
- Israel (State of)
- Taiwan (Republic of China) (Unsolicited Ratings)
- India (Republic of) (Unsolicited Ratings)
- China (People's Republic of )
- Tunisia (Republic of)
- Turkey (Republic of) (Unsolicited Ratings)
- Luxembourg (Grand Duchy of)
- Cyprus (Republic of)
- El Salvador (Republic of)
- Mexico
- Hungary
- Indonesia (Republic of)
- Chile (Republic of)
- Oman (Sultanate of)
- Colombia (Republic of)
- Philippines (Republic of the)
- Argentina (Republic of) (Unsolicited Ratings)
- Czech Republic
- Uruguay (Oriental Republic of)
- Slovak Republic
- Malta (Republic of)
- Pakistan (Islamic Republic of)
- South Africa (Republic of)
- Poland (Republic of)
- Bermuda
- Paraguay (Republic of)
- Jordan (Hashemite Kingdom of)
- Qatar (State of)
- Romania
- Trinidad and Tobago (Republic of)
- Slovenia (Republic of)
- Russian Federation
- Kazakhstan (Republic of)
- Liechtenstein (Principality of)
- Egypt (Arab republic of)
- Latvia (Republic of)
- Croatia (Republic of)
- Panama (Republic of)
- Dominican Republic
- Lebanon (Republic of)
- Costa Rica (Republic of)
- Lithuania (Republic of)
- Kuwait (State of)
- Morocco (Kingdom of)
- Estonia (Republic of)
- Peru (Republic of)
- Cook Islands
- Ukraine
- Bulgaria (Republic of)
- Bolivia (Plurinational State of)
- Papua New Guinea (Independent State of)
- Jamaica
- Suriname (The Republic of)
- Barbados
- Mongolia
- Isle of Man
- Ecuador (Republic of)
- Belize
- Senegal (Republic of)
- Botswana (Republic of)
- Republic of Seychelles
- Guatemala (Republic of)
- Grenada
- Vietnam (Socialist Republic of)
- Bahrain (Kingdom of)
- Andorra (Principality of)
- Saudi Arabia (Kingdom of)
- Ghana (Republic of)
- Cameroon (Republic of)
- Commonwealth of The Bahamas (The)
- Benin (Republic of)
- Sri Lanka (Democratic Socialist Republic of)
- Burkina Faso
- Republic of Mali
- Mozambique (Republic of)
- Macedonia (Republic of)
- Montserrat
- Serbia (Republic of)
- Montenegro (Republic of)
- Georgia (Government of)
- Nigeria (Federal Republic of)
- Bangladesh (People's Republic of)
- Republic of Fiji
- Kenya (Republic of)
- Emirate of Abu Dhabi
- Cambodia (Kingdom of) (Unsolicited Ratings)
- Belarus (Republic of)
- Gabonese Republic
- Ras Al Khaimah (Emirate of)
- Aruba
- Cape Verde (Republic of)
- Honduras (Republic of)
- Azerbaijan (Republic of)
- Uganda (Republic of)
- Guernsey (States of)
- Bosnia and Herzegovina
- Socialist People's Libyan Arab Jamahiriya
- Albania (Republic of)
- Zambia (Republic of)

Ordering:

Order Online - visit http://www.researchandmarkets.com/reports/1582661

Order by Fax - using the order form below

Order By Post - print the order form below and send to

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.

Page 1 of 2

Printed Saturday, May 25, 2013
1:29:56 PM

Fax order form

To place a fax order simply print this form, fill in and fax the completed form to the number below. If you have any questions please email help@researchandmarkets.net

Order information

Please verify that the product information is correct and select the format you require.

Product name

Distressed Sovereign Debt Exchanges: Examples From The Past And Lessons For The Future Jun 11

Web Address

http://www.researchandmarkets.com/reports/1886547

Office Code

OC8DIQSMONVTUY

Report Formats

Please enter the quantity of the report format you require.

Format	Quantity	Price
Electronic		EURO€ 384.00

Contact information

Please enter all the information below in block capitals.

                Title:
            
                    Mr
                    
                    Mrs
                    
                    Dr
                    
                    Miss
                    
                    Ms
                    
                    Prof
                    
                First Name:
            
                Last Name:
                
                Email Address:
            
                Job Title:
            
                Organisation:
            
                Address:
            
                City:
            
                Postal / Zip Code:	
            
                Country:	
            
                Phone Number:	
            
                Fax Number:

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Page 2 of 2

Printed Saturday, May 25, 2013
1:29:56 PM

Payment information

Please indicate the payment method you would like to use by selecting the appropriate box.

Pay by Credit Card:

American Express

Diners Club

Master Card

Visa

Cardholder's Name:

Cardholder's Signature:

Expiry Date:

Card Number:

CVV Security Code:

Issue date:

(Diners Club only)

Pay by Check:

Please post the check, accompanied by this form, to:

Research and Markets,
Guinness Centre,
Taylors Lane,
Dublin 8,
Ireland.

Pay by Wire Transfer:

Please transfer funds to:

Account Number:

83313083

Sort Code:

98-53-30

Swift Code:

ULSBIE2D

IBAN Number:

IE78ULSB98533083313083

Bank Address:

Ulster Bank,
27-35 Main Street
Blackrock,
Co. Dublin
Ireland.

If you have a Marketing Code please enter it below:

Marketing Code:

Please note that by ordering from Research and Markets you are agreeing to our Terms and Conditions at http://www.researchandmarkets.com/info/terms.asp

Printer Friendly

Distressed Sovereign Debt Exchanges: Examples From The Past And Lessons For The Future Jun 11

Fax order form

Order information

Product name

Web Address

Office Code

Report Formats

Contact information

Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Payment information

Please fax this form to: (646) 607-1907 or (646) 964-6609 (from USA) +353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)

Please fax this form to:
(646) 607-1907 or (646) 964-6609 (from USA)
+353-1-481-1716 or +353-1-653-1571 (from Rest of World)