The ISDA, the arbiter of what constitutes a credit event, yesterday said that French proposals...

|By:, SA News Editor

The ISDA, the arbiter of what constitutes a credit event, yesterday said that French proposals to voluntarily roll over Greek debt are unlikely to trigger the payout of CDSs, which caused such havoc during the Lehman crisis. The stance contrasts with S&P and Fitch, while Moody's has yet to make an explicit comment.