in theory the fire in the bond markets could be doused by fiscal transfers and the mutualisation of debt.
理论上讲,债券市场过热可以通过财政调拨和债务互助来进行调控。
Their ratings of corporate debt may have held up well, but they were way off in structured securities, not a lot better in sovereign debt, and now their municipal-bond ratings, too, are under fire.
他们对公司债券的评级倒还好说,但是对于结构性债券就不那么上道了,主权债券也好不到哪儿去,而最近他们对于市政债券的评级又被口诛笔伐。
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