Risk.net

S&P expects more sub-investment grade sovereign issuance

February 8—Standard & Poor’s expects a growing number of emerging market sovereigns to request ratings in the near term after it assigned new ratings to Georgia (B+), Sri Lanka (B+) and Nigeria (BB-) recently.

"Double-B rated sovereigns are a rapidly rising category. This reflects both the greater interest investors are showing towards sovereigns that until now have not been rated and the recognition by governments of having a credit rating, even if it is not as high as they would like,” says