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The downgrade shouldn't come as a surprise to anyone, but it is a major issue for the refinancing, the core banks are in a catch 22, they can't all sell out at their desired price, whilst applying usual lending criteria is fraught with the risk that markets worsen and they are left holding the bag.

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Reuters 5 years ago
Robert Southey

Robert Southey

English poet and friend of Wordsworth and Coleridge (1774-1843)

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    "Robert Southey Quotes." Quotes.net. STANDS4 LLC, 2021. Web. 19 Apr. 2021. <https://www.quotes.net/citizen-quote/177411>.

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