Europeans wrestle with the ‘E’ factor

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Europeans wrestle with the ‘E’ factor

April 02, 2012 12:00 AM

Supranational borrowers are a divided group. Those with a whiff of Europe about them have, rightly or wrongly, had a tough time reining in their spreads and convincing investors of their credit quality. Meanwhile, those free of the E-word have been having a whale of a time printing pretty much what they like at ever tighter spreads.

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