All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
FIGCovered Bonds

Eight programmes under S&P spotlight

S&P has placed eight covered bond programmes on CreditWatch negative following its decision on December 5 to place the sovereign ratings of 15 eurozone countries on review for downgrade. A two notch downgrade of France’s sovereign rating may mean a loss of triple A ratings for the public sector bonds of Crédit Mutuel Arkéa, Dexia Municipal Agency and Société Générale; all three programmes are on CreditWatch negative.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree