Credit market sentiment turns cold as credit margins increase
Banks turned bearish towards the property sector as credit margins increased while the stock market for property-related shares soared amidst positive vaccine trials.“This year’s last CREDI survey suggests that the credit market sentiment has turned cold as the Main index is back below the 50-mark, driven by higher credit margins as banks cover expected increased credit losses and lower profitability going forward”, says Jacob Bruzelius, Head of Debt Advisory at Catella. “The recent years massive monetary and fiscal stimulus have benefitted property in general. However, more and more