Some companies are starting to address credit-rating issues their own way, by selling bonds...

|By:, SA News Editor

Some companies are starting to address credit-rating issues their own way, by selling bonds without ratings at all, in deals that would have been "inconceivable" two years ago. Companies including Highland Capital, Credit Suisse (CS) and European drinks makers Heineken (HINKY.PK) and Gruppo Campari have recently executed successful deals without the ubiquitous alphabetic risk assessments.