Chile’s Covered-Bond Framework Weak, Says Fitch

Chile’s dedicated framework for covered bonds is weak compared with those of other countries, as it “offers less protection to investors used to other frameworks,” according to Fitch Ratings.

  • 26 Aug 2013

Chile’s dedicated framework for covered bonds is weak compared with those of other countries, as it “offers less protection to investors used to other frameworks,” according to Fitch Ratings. Fitch says the Chilean bonds “rank poorly in terms of discontinuity risk and overall recovery potential.”

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