S&P threatens to downgrade covered bonds worldwide

12/18/2009 | Financial Times (tiered subscription model) · ForexYard

Standard & Poor's has thrown a spotlight on the covered-bond asset class, one of the more resilient areas of the structured-credit market. The credit rating agency threatened to downgrade covered-bond programs in Europe, Canada and the U.S. Despite the announcement, European banks are planning to use covered bonds to raise hundreds of billions of euros next year.

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Financial Times (tiered subscription model) · ForexYard

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