Danish Mortgage Bond Gains Show Investors Snubbing Moody’s
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Denmark’s mortgage bonds are defying downgrades by Moody’s Investors Service as an increasing number of international buyers snap up the securities.
Nykredit A/S, Europe’s biggest issuer of covered bonds backed by mortgages, has seen its international investor base grow to close to 20 percent, compared with about 13 percent a year ago, Chief Executive Officer Peter Engberg Jensen said.