Austrian, peripheral covered bonds feel brunt of issuer cuts
Public sector-backed covered bonds issued by Kommunalkredit Austria and Hypo Alpe-Adria-Bank have been cut by Moody’s following downgrades of their issuer ratings, while Fitch took negative rating actions on Spanish and Greek covered bonds this week.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: