Covered Bonds Outlook 2022: Performance Stable As Support Schemes Wind Down
Healthy job market recovery supports cover pool assets performance despite support schemes wind down. The wind-down of borrower support schemes appears well-synchronized with counteracting improvements in labor markets. We expect that the available credit enhancement should cushion any deterioration in cover pool collateral performance due to the removal of government support. The report provides a visual summary of expected credit conditions, the growth of sustainable covered bonds markets, the transposition of the harmonization directive, and ratings outlooks.
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