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Article: Moody's puts Danish BRFkredit covered bonds on downgrade review.
- Article from:
- ADP News Nordic
- Article date:
- September 15, 2009
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(ADPnews) - Sep 15, 2009 - Moody's placed last Friday on review for possible downgrade covered bonds of Danish mortgage lender BRFkredit A/S amounting to some DKK 215.5 billion (USD 42.2bn/EUR 29bn).
Specifically, the move affected the Aa1 ratings on the DKK 78,425,182,183 covered bonds issued out of BRFkredit Capital Centre E and DKK 125,884,327,183 covered bonds issued out of BRFkredit Capital Centre B, as well as the Aa2 rating on the DKK 11,195,929,074 covered bonds issued out of BRFkredit General Capital Centre.
The securities are viewed as linked to the credit strength of the bank, particularly with regard to the probability of default, Moody's ...