MMFs Face Potential Re-emergence of Peripheral European Issuers
Banking & Financial Services / Spain / Mon 29 Jan, 2018
The recent upgrade of Spain's Short-Term Foreign- and Local-Currency Issuer Default Ratings to 'F1' from 'F2' is particularly significant to short-term investors as it means Spanish government bonds can potentially re-enter the eligible investible universe for money market funds (MMFs) rated 'AAAmmf'. Should bank upgrades follow, then Spain may