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Relief on sovereign ratings (for now)

Analysts at Citigroup predict few substantial changes to the ratings of European sovereigns until mid-2013

Sovereign bond issuers are due a temporary respite from changes to their credit ratings, according to a report published yesterday.

Citigroup's Sovereign Ratings Outlook suggests that in the near term - the next two or three quarters - sovereign ratings will be "relatively stable". The global report had a strong focus on countries in the eurozone.

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