Corporate hybrids under renewed scrutiny as S&P changes criteria
![A logo sign outside of a facility occupied by S&P Global, Inc., in Centennial, Colorado, on July 22, 2018.](https://assets.euromoneydigital.com/dims4/default/a44f6f2/2147483647/strip/true/crop/4000x2667+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F9e%2F03%2Faa9deaed4d27b6ac06cd1e064b11%2Fpcm13r.jpg)
Outstanding subordinated debt totalling billions of euros no longer has equity credit
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: