Fitch questions state support



Two new reports from rating agency Fitch Ratings highlight threats and challenges to the interests of European corporate bond investors.

In one report, entitled A Free Market for Corporate Control in Europe: The Bond Investors’ Perspective, Fitch argues that European bondholders stand to benefit more from a liberalised market for corporate control than from the current relatively high level of state intervention and the “national champion” approach to business still prevalent in Europe.


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