Laender rating reviews spark Pfandbrief valuation debate
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Laender rating reviews spark Pfandbrief valuation debate

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Standard and Poor’s is due to review the ratings of several German Laender over the next few weeks, and downgrades could undermine Pfandbrief valuations. But some market participants believe that scarcity of issuance in the asset class could in fact make spreads tighten further.

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