What Constitutes A Sovereign Default For Standard & Poor’s?

In this CreditMatters TV segment, Standard & Poor’s Criteria Officer Alexandra Dimitrijevic discusses the characteristics that could constitute a sovereign default for Standard & Poor’s, following the recent public attention to Greece’s debt reprofiling. Besides missing a debt payment, Standard & Poor’s could also consider some ‘distressed’ exchange offers or similar debt restructuring as equivalent to a default, if they meet certain characteristics.

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One Response to “What Constitutes A Sovereign Default For Standard & Poor’s?” Subscribe

  1. Nandita Rao February 17, 2012 at 11:47 am #

    Could you provide links to the reports that discuss in detail, the aspects covered by Ms Dimitrijevic?

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