Sub debt feels the heat from markets, agencies
Subordinated bank debt came under attack this week as rating agencies, legislators and the market put pressure on the asset class. Late on Thursday, rating agency Moody’s said it was putting around Eu24bn of German bank subordinated debt on review for possible downgrade, targeting a total of 246 subordinated debt deals.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts