globalinvesting's Commentaries
Mar
2
2010
Gross Gross
by globalinvesting
Overall Rating:
Here is the latest from Bill Gross, CEO of Pimco:
He begins with the usual conundrum of sovereign debt rating ceilings. This means that a country, however badly managed, gets a higher or equal bond rating than the bonds of companies located there. The reason is that a sovereign is assumed to be more creditworthy than its “serfs” (Gross's term). He explains:
Full content is available to subscribers only. Subscribe now.
Tags: bdraf | ccj | cgen | emitf | global-investing-newsletter | qbe | sbs | sqm | teva | xin
