Shotgun wedding could be good for DexMA's OF

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Shotgun wedding could be good for DexMA's OF

With Germany on holiday on Monday, activity in the covered bond market was largely focussed on the secondary – where developments on DexMA took centre stage. Moody’s put Dexia group on downgrade review and covered bond analysts say that, with just a one notch senior downgrade, DexMA’s OF could lose their triple A rating.

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