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FIGCovered Bonds

Ratings seen as no bar to Turkish wannabes

With industry veterans saying that low ratings should be no obstacle to covered bond status and the rating agencies holding out the promise of piercing the sovereign ceiling, Turkish issuers were last Friday being bullish about their chances at the 11th Central European Covered Bond Conference, organised by the Banks Association of Turkey and the Association of German Pfandbrief Banks in Istanbul.

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