Possible Chelsea covered bond upgrade on merger
Fitch yesterday (Wednesday) placed Chelsea Building Society’s covered bonds on rating watch positive after assigning the same status to the institution’s long term issuer default rating. The rating actions follow the announcement that Chelsea and Yorkshire Building Society plan to merge.
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