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Credit Ratings Foreign Sovereigns

A&O Shearman

US Office of the Comptroller of the Currency Issues Guidance with Respect to Implied Sovereign Support

A&O Shearman on

The U.S. Office of the Comptroller of the Currency issued guidance to OCC-supervised institutions with respect to the role of informal or implied expressions of support from foreign governments in determining credit risk...more

Orrick, Herrington & Sutcliffe LLP

South Africa’s Junk Status Downgrade

On 3 April, 2017, S&P Global led the way in downgrading South Africa’s Sovereign Credit Rating to non-investment-grade ‘Junk’ status. This following President Zuma’s purging of his Cabinet on 31 March, 2017, in which a total...more

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