Longer covered bond issuance is credit positive says Moody’s

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Longer covered bond issuance is credit positive says Moody’s

The issuance of longer dated covered bonds in the first quarter compared to any other time in the past four years is credit positive according to Moody’s. This is because longer dated supply reduces the mismatch between assets and liabilities and lowers the probability of a fire sale, said the agency on Monday.

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