Iceland Bank Bust Threatens Securitizations

10 Oct 2008

Rating downgrades have started to hit securitizations deals from Iceland’s three major banks after they went bust.

--Cristina Pittelli

Rating downgrades have started to hit securitizations deals from Iceland’s three major banks after they went bust. More downgrades are likely to follow and analysts have warned ongoing turmoil in the Icelandic banking sector could affect performance of the counterparties involved.

The three major banks -- Glitnir, Landsbanki ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial