Report title: CM-CIC Covered Bonds - Mortgage Covered Bonds
from Fitch Research
12 page (7070 word) report published Oct 30, 2009

Price $425.00 available for immediate download
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About Fitch Research

...Fitch Ratings has affirmed CMCIC Covered Bonds' (CMCIC CB) covered bonds at `AAA' based on (i) the Issuer Default Rating (IDR) of Banque FTdTrative du CrTdit Mutuel (BFCM, rated `AA'/Stable/`F1+'), acting as the main debtor of recourse; (ii) a discontinuity factor (DFactor) of 19.8% assigned to the bank's covered bonds programme; and (iii) the overcollateralisation (OC), which compensates for identified credit and market risks in a `AAA' scenario....

Report Type: Full Rating Report
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