Brian Coulton, the agency’s head of sovereign ratings, said German members of the ECB appeared to be blocking the sort of muscular intervention in southern European bond markets needed to restore the shattered confidence of investors.
The South Korean government will launch a roadshow for international debt investors in early June as the country is seeking to enter the Citigroup World Government Bond Index (WGBI), a finance ministry official said on Friday.
Large Brazilian companies with investment-grade ratings may soon sell bonds in international capital markets as the first signs emerge of a rebound in demand in credit markets, according to bankers working on the debt sales.
