20 covered bonds have survived issuer defaults, says Moody’s
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Covered Bonds

20 covered bonds have survived issuer defaults, says Moody’s

20 covered bond issuers defaulted in the 10 years to the end of 2013, but no covered bond experienced a default, said Moody’s in a special comment on covered bond rating transition rates. Covered bond ratings, which exhibited a lower rate of downgrades than issuer ratings, began to stabilise in 2013

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