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

S&P positive on Pfandbrief law change

Standard & Poor’s said that forthcoming amendments to the Pfandbrief Act are credit positive. BaFin has the right to set overcollateralization levels for individual issues, but the rating agency said on Monday that this will not affect ratings. It does not believe the amendment will now make it easier for voluntary excess collateral to be removed from the cover pool.

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