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Issuers
More European banks take a rating hit
Thursday, December 15, 2011
Fitch yesterday downgraded five European banks on the basis of continuing difficulties for the European financial sector.
Credit Agricole, Banque Federative du Credit Mutuel, Danske Bank and OP Phojola all saw their issuer default ratings cut from AA- to A+ while Rabobank’s was lowered from AA+ to AA.
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Trading
Funds
Structured
CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
