Inflation-Linked Bond Yields Track Sovereign Credit Ratings, Says S&P Report Nov 07
Standard & Poors, November 2007
Abstract
LONDON (Standard & Poor's) Nov. 19, 2007--Despite concerns about possible manipulation of inflation indices in certain countries, real yields on government inflation-linked bonds continue to track sovereign local currency credit ratings, Standard & Poor's Ratings Services said in a report published today. The report, titled "Inflation-Linked Bonds And Sovereign Credit Risk," discusses the results of regression analysis on the yields of local-currency-inflation-linked bonds issued by 22 sovereigns rated by Standard & Poor's. "Across a sample of governments, differences in credit ratings explain 52% of the variation in yields, with higher ratings corresponding to lower yields," said David Beers, Managing Director and Global Head of Sovereign & International Finance Ratings for Standard & Poor's. "This relationship mirrors that found between foreign...
Companies mentioned in this report are:
- New Zealand
- Japan (Unsolicited Ratings)
- Italy (Republic of) (Unsolicited Ratings)
- Iceland (Republic of)
- Greece (Hellenic Republic)
- Turkey (Republic of) (Unsolicited Ratings)
- Argentina (Republic of) (Unsolicited Ratings)
- Peru (Republic of)
Action: General Comment
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- New Zealand
- Japan (Unsolicited Ratings)
- Italy (Republic of) (Unsolicited Ratings)
- Iceland (Republic of)
- Greece (Hellenic Republic)
- Turkey (Republic of) (Unsolicited Ratings)
- Argentina (Republic of) (Unsolicited Ratings)
- Peru (Republic of)
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
