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24.07.2014 16:55:00
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Moody's updates report on French legal framework for covered bonds
Paris, July 24, 2014 -- Changes to the French covered bond law passed in May 2014 have further strengthened the covered bond framework and are likely to reduce losses or a payment disruption if the sponsor bank defaults, says Moody's Investors Service in an updated Special Comment published today. France's covered bond legal framework has a number of very strong features, alongside some elements that are weaker from a credit perspective.
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