{"id":18193,"date":"2018-08-13T20:26:02","date_gmt":"2018-08-13T17:26:02","guid":{"rendered":"https:\/\/bestinsurance.gr\/a1\/?p=18193"},"modified":"2018-08-13T20:26:02","modified_gmt":"2018-08-13T17:26:02","slug":"greek-covered-bonds-may-get-ig-ratings-at-fitch-commerzbank","status":"publish","type":"post","link":"https:\/\/bestinsurance.gr\/a1\/archives\/18193","title":{"rendered":"Greek Covered Bonds May Get IG Ratings at Fitch: Commerzbank"},"content":{"rendered":"<section class=\"news-header\"><span class=\"news-dateline\">(Bloomberg) &#8212;<\/span><\/section>\n<section class=\"news-rsf-news-body\">Raising of Greek rating <a id=\"url-id-0\" class=\"link-enabled\" title=\"Fitch Upgrades Greece to \u2019BB-\u2019 from \u2019B\u2019; Outlook Stable\" href=\"bloomberg:\/\/commands\/NSN%20PD9H3B3PWT1C\">ceiling<\/a> last week paves way for Fitch to upgrade some local covered bonds to IG status, Commerzbank analyst <a id=\"url-id-1\" class=\"link-enabled\" title=\"Bloomberg Profile\" href=\"bloomberg:\/\/commands\/BBDP%2018257831\">Michael Weigerding<\/a> writes in an Aug. 13 note.<\/p>\n<ul>\n<li>Increase in ceiling to BBB-, the lowest IG grade, may lead to Fitch giving IG ratings to Greek covered bonds with sufficient over-collateralization including <a id=\"url-id-2\" class=\"link-enabled\" title=\"Alpha Bank bons\" href=\"bloomberg:\/\/commands\/ALPHA%20Corp%20DES\">Alpha Bank <\/a>and National Bank of Greece notes\n<ul>\n<li><a id=\"url-id-3\" class=\"link-enabled\" title=\"Alpha Bank bons\" href=\"bloomberg:\/\/commands\/ALPHA%20Corp%20DES\">Alpha Bank<\/a> upgrade to IG would make notes ECB repo-eligible; Commerzbank therefore sees \u201ccatch-up potential\u201d for lender\u2019s February 2023 <a id=\"url-id-4\" class=\"link-enabled\" title=\"Security Description: Bond\" href=\"bloomberg:\/\/commands\/AQ8656110%20Corp%20DES\">covered bond<\/a><\/li>\n<li><a id=\"url-id-5\" class=\"link-enabled\" title=\"NBG bonds\" href=\"bloomberg:\/\/commands\/ETEGA%20Corp%20DES\">National Bank of Greece <\/a>notes &#8212; already ECB eligible due to S&amp;P rating &#8212; would benefit from lower standard risk weights<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212; Raising of Greek rating ceiling last week paves way for Fitch to upgrade some local covered bonds to IG status, Commerzbank analyst Michael Weigerding writes in an Aug. 13 note. Increase in ceiling to BBB-, the lowest IG grade, may lead to Fitch giving IG ratings to Greek covered bonds with sufficient over-collateralization<\/p>\n","protected":false},"author":1,"featured_media":9310,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-18193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/18193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/comments?post=18193"}],"version-history":[{"count":1,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/18193\/revisions"}],"predecessor-version":[{"id":18194,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/18193\/revisions\/18194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media\/9310"}],"wp:attachment":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media?parent=18193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/categories?post=18193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/tags?post=18193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}