Bond-Purchase Plan Seen As Positive

24 Aug 2012

A plan by the European Central Bank to buy sovereign bonds in the secondary market and by the European Stability Mechanism in the primary market “would likely” be credit positive and “ease downward pressure” on sovereign ratings in the eurozone, according to Fitch Ratings.

A plan by the European Central Bank to buy sovereign bonds in the secondary market and by the European Stability Mechanism in the primary market “would likely” be credit positive and “ease downward pressure” on sovereign ratings in the eurozone, according to Fitch Ratings.

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