S&P

Consolidation to continue

MiFID II deadline passed

'Bad debt' among key issues that must be addressed

Rating went from AA- to A+

80% outperformed index

Industry floods out of consumer discretionary sector

Amid the attention focused on the recent downgrade of China, it is easy to forget that Indonesia was upgraded the week beforehand, when Standard & Poor's became the third and last of the major agencies to rate the country as investment grade (BBB-).

Looking outside the 'Big Three'

FCA should look at index providers first

Caused by sterling weakness