ECB Will Accept Fallen Angels as Collateral

Posted on 04/23/2020


The European Central Bank (ECB) loosened collateral rules to accept “fallen angel” bonds. These are bonds that lose their prized investment-grade credit rating and have since been downgraded to junk status due to the declining financial position of its issuer. As long as the fallen angel bond was an investment grade bond on April 7, […]

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