Moody’s Downgrades German Bank Debt

Moody’s Investors Service has downgraded €24 billion ($32.8 billion) in subordinated debt securities at German banks as proposed legislation would increase the risk of losses among debt holders.

  • 18 Feb 2011
Moody’s Investors Service has downgraded €24 billion ($32.8 billion) in subordinated debt securities at German banks as proposed legislation would increase the risk of losses among debt holders. BNP Paribas analysts stated in an investors’ note that the new legislation “materially reduces the likelihood of government support for ...

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