Re:United States loses AAA credit rating from S&P
by prostoalex on Friday August 05, 2011 @10:00PM
(#2852651)
People mention that a lot, but what specific institutions have that requirement? And haven't they developed some more coherent requirements ever since subprime mortgage bonds proved the system could be gamed?
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Re:United States loses AAA credit rating from S&P
by meow on Saturday August 06, 2011 @03:16AM
(#2853309)
One example that comes to my mind is that Indian IPOs can be subscribed by foreign institutional investors using AAA bonds (they just show this as backing instead of paying the full price in cash before getting any shares allocated). I think now investors can only use the bonds of others countries.