European insurers expected to have low exposure to Credit Suisse bonds: DBRS Morningstar

Sarah JollyMarch 22, 2023
Bern, SWITZERLAND - July 2, 2019: CREDIT SUISSE is one of leading global financial services company.
Credit: Shutterstock/MDart10

Rating agency DBRS Morningstar said it will monitor the investment portfolios of European insurance companies following the sale of Credit Suisse to UBS, which saw $17m of Additional Tier 1 (AT1) bonds wiped out. DBRS said writing off the bonds has caused “additional turmoil in the global bond marke...

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Sarah JollyMarch 22, 2023
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