News, analysis, data

Popular cédulas win Moody’s, DBRS upgrades after rescue

Posted on 12 June 2017


Moody’s and DBRS upgraded the covered bonds of Banco Popular Español on Friday, to Aa2 and AAA, respectively, reversing recent downgrades of the cédulas after the bank was acquired by Santander. Despite a post-rescue rally, potential is seen for a further tightening of Popular’s spreads...

The page you have requested is available to registered users only.

Please log in to read the rest of this article and view the full site.

Log in

If you have forgotten your password, please enter the e-mail address you entered when registering for the site into the "reset password" box. You will then be sent a new password to enter on the next page, where you will also be given the option of choosing a new, more memorable password.

Reset password

If registering, you will be sent an e-mail confirming your username and password on pressing "register", as well as being taken to the homepage. If you have any problems accessing the site, please follow the link in the mail.

Register

Recent headlines:

Oma sub-benchmark due, but pipe empty despite positivity

Aegon eyes soft bullet move despite great CPT outcome

Investors still hungry despite impressive Bawag, OP levels

HSBC lays foundations for UK covered, eyes Canada euro

De Volksbank draws interest with highest yield in months

NBG benchmark programme upped to A3, Eurobank 2 to Baa2

CBPP3 returns to growth as redemptions fall

De Volksbank set to return with 20 year at higher yields

Lloyds targets switch to SOFR, Totta Brexit, CGD mergers

Aegon returns in fantastically timed 500m CPT fives

OP plans 2021 green covered debut, eyes year-end trade

CBPP3 portfolio shrinks in October on record redemptions

Vdp seeks less conservative bill, citing need for balance

US election centre stage as market takes a breather

Danish draft out as deadline inspires progress, headaches

CBPP3 perks up on primary settlements amid fall blues

MHyp 20s pricing impresses as covered bonds march on