German Covered Bond Spreads Move On Rating Change

17 Dec 2009

Changes to Standard & Poor’s rating criteria for covered bonds, which has placed about €1.46 trillion ($2.09 trillion) worth of European deals on downgrade watch, has caused German pfandbrief spreads to widen.

-- Daniel O’Leary

Changes to Standard & Poor’s rating criteria for covered bonds, which has placed about €1.46 trillion ($2.09 trillion) worth of European deals on downgrade watch, has caused German pfandbrief spreads to widen. Spreads of German AAA covered bonds widened to 20 basis points over Euriborfrom ...

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