14 July 2020
While fiscal and monetary responses to the COVID-19 pandemic have headed off a liquidity crisis, they may have weakened credit quality by increasing overall indebtedness. In this report, S&P Global Ratings analyzes how the pandemic and the policy response to fight it will affect the covered bond market. In our opinion, residential mortgage market performance should generally be better than in recent crises due to support measures for workers and the expected limited correction in house prices.
The European Covered Bond Council (ECBC) is the platform that brings together covered bond market participants including covered bond issuers, analysts, investment bankers, rating agencies and a wide range of interested stakeholders.
