Fitch cuts two cédulas, changes imply more to come
Fitch on Friday afternoon downgraded the cédulas hipotecarias (CHs) of Caixa Catalunya and Caixanova from AAA to AA+, after cutting their issuer default ratings earlier that day. And a further cut looks in store for Caixa Catalunya if Fitch’s revised liquidity risk assumptions are implemented in their proposed form.
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