Newest Covered Bond Bill Lacks Clarity But Is a Positive Step Overall for Credit Markets
April 2, 2010
The latest attempt by Rep. Scott Garrett, R-NJ, to gain support for legislation on a sustainable covered bond market in the U.S. hasn’t gained major traction on Capitol Hill yet, but analysts from Moody’s Investors Service said the most recent bill is comprehensive and would address key uncertainties restricting the acceptance of covered bonds in the U.S...