Chris Cook

UPDATE: 2 October 2012, to incorporate the latest ratings.

It’s official. Well, sort of. I’ve collected up the credit ratings that exist for the higher education sector, and all of those British universities (or university colleges) which have been rated are either prime or high-grade. (Italy, meanwhile, is not an Ivy League debt repayer.)

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As the Greek debt-swap nears completion, a grey market for the new bonds is operating under rules designed for developing countries. In this video James Mackintosh, the FT’s investment editor, analyses whether investors should regard the price as a bargain or an invitation to be a victim of the next default.