Basel question on corporates

Discussion in 'P2.T7. Operational Risk & ERM (25%)' started by shanlane, May 11, 2012.

  1. shanlane

    shanlane Active Member

    Hello,

    It was said that debt from international banks should never be rated higher than the sovereign that they are incorporated in. Does this also apply to corporates that are in other countries, (say Teva Pharmaceuticals, that is incorporated in Israel)?

    Thanks!

    Shannon

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