24 European covered bonds capped by LCC, Moody’s say
The rating of 24 covered bond programmes from across EMEA could be up to four notches higher without the constraint of sub triple-A local currency country risk ceiling (LCC), analysis from Moody’s revealed on Tuesday. Within a given jurisdiction, the risk ceiling defines the highest rating achievable for an issuer’s print in the local currency.
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