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Western EuropeMarch 1 2012

Europe’s sovereign-linked issuers adapt to the new normal

The eurozone sovereign debt crisis has not just affected national treasuries, but also European supranationals and government-related entities. Philip Alexander hears from a range of larger and smaller borrowers across the eurozone and beyond.
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Christopher Best, treasurer, Black Sea Trade and Development Bank (BSTDB)
Rated A with 'stable' outlook (Standard & Poor’s)/A3 with 'stable' outlook (Moody’s)

Antonio Cordero, deputy director of financial markets, Instituto de Credito Oficial (ICO), Spain
Rated A 'negative'/A3 'negative'

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