Planning the unplannable for supranationals and agencies

The SSA sector faces a bumpier ride than ever in 2012. Despite having survived and occasionally flourished last year, public sector borrowers were knocked sideways when Standard & Poor’s put large swathes of them on CreditWatch at the end of 2011. Ralph Sinclair investigates what the fallout is likely to be as high grade issuers tackle the sovereign crisis, volatile markets and the aftermath of Eksportfinans’s closure.