ECB QE flexibility credit positive – Moody’s
|By FXStreet FXStreet (Bali) – Moody’s credit rating notes that the ECB adding flexibility to its QE program is credit positive.
According to Moody’s: “The increased QE flexibility is credit positive for euro area issuers. Very low inflation is credit negative since it hampers the ability of issuers to deleverage via an increase in revenues and assets.”
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Source:: FX Street