Caixa’s Cédulas safe after Barclays acquisition
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Covered Bonds

Caixa’s Cédulas safe after Barclays acquisition

Caixabank announced on Sunday that it had bought the Spanish operations of Barclays, subject to regulatory approval. The Cédulas cover pools are likely to be merged, but with the risk metrics of both being fairly similar, the rating impact should be neutral, said Credit Agricole analysts on Monday.

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