Fitch has put Euroclear, the Brussels-based central securities depository, on notice of a possible downgrade to its credit rating over potential liquidity issues linked to EU plans for a loan to Ukraine.
Fitch said on Tuesday it was placing Euroclear Bank on “rating watch negative”, which could lead to a downgrade of its AA rating.
The move comes as European leaders prepare to meet on Thursday to decide whether to authorise a so-called reparations loan to Ukraine, which would be backed by up to €210bn in Russian central bank assets that have been frozen by