Posts Tagged ‘ refinancing risk ’

Moody’s positive on Danish bill, Nordea covered

Mar 20th, 2014
NordeaCopenhagen

A bill providing for the conditional maturity extension on certain Danish covered bonds removes refinancing risk for covered bond issuers and will have a “marked” credit positive impact on Nordea Kredit covered bonds, said Moody’s on Monday.



‘Improved’ Danish refi bill set for parliamentary passage

Feb 13th, 2014
Christiansborg Castle, seat of the Danish government

The Danish government and several opposition parties last Thursday (6 February) agreed on legislation aimed at reducing refinancing risk in the country’s mortgage system, after the central bank said S&P had made a positive statement about the bill.



Danish government in forced extension ‘game changer’

Nov 7th, 2013
Christiansborg Castle, seat of the Danish government

The Danish government yesterday (Wednesday) moved decisively to address concerns about refinancing risks in its mortgage system by announcing that from 1 January many covered bonds, including those related to ARMs, will face forced extension in certain stressed scenarios.