Moody's: Changes to French covered bond law are credit positive
London, 15 December 2016-- Amendments to France's covered bond law are credit positive, as the transfer of collateral via collateralised loan structures strengthens recourse to the sponsor, says Moody's Investors Service. "The amendments are credit positive for any SCF issuers that make use of the collateralized loan structure, because such structures strengthen the level of recourse to the sponsor bank. Before the changes, SCF issuers could only use a sale structure to...
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