Carige covered bonds may lose IG status, but buying opportunity seen

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Carige covered bonds may lose IG status, but buying opportunity seen

Banca_Carige_PA_230x150
Branch office of the italian bank "Banca Carige" in Lavagna (Liguria/Italy), September 11, 2013. | Rolf Haid/DPA/PA Images

Banca Carige’s covered bonds could soon be downgraded by Moody’s to sub-investment grade territory but, given the size and quality of the collateral pool, further downgrades could present a buying opportunity.

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