Busy week ahead anticipated, but worries lurk
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Covered Bonds

Busy week ahead anticipated, but worries lurk

With Greek elections looming, next week is expected to present what could prove to be a fleeting funding window for issuers lucky enough to still have covered bond market access. But not everyone is so fortunate. Fitch delivered another rating blow to Spain and, along with its prospective stricter methodology, Spanish covered bonds would be on the cusp of junk – where forced sellers lurk.

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