Moody's: European covered bond credit quality in 2013 under pressure from sovereign and bank risk but pace of downgrades expected to be slower than 2012
London, 13 December 2012 -- In Europe, ongoing negative pressure on sovereigns and issuers will continue to pose material risks for issuer and covered bond credit quality in 2013, although the pace of covered bond downgrades is expected to be slower than in 2012, says Moody's Investors Service in a Special Report published today. Outside Europe, markets are set to grow and will benefit the most where covered bond legislation is in place.
