Lower covered bond issuance increased OC levels, says Fitch
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Lower covered bond issuance increased OC levels, says Fitch

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Overcollateralisation (OC) levels have increased on covered bond pools since last year for European issuers, Fitch Ratings said this week. But while issuers in some countries, like the UK, showed a rise above the average, borrowers that have participated in central bank funding, like those in Germany, have managed to keep OC levels down.

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