Fitch places Euroclear under negative watch amid Russian assets dispute
The rating agency Fitch has placed Belgian bank Euroclear on a "Rating Watch Negative" following the European Union's plans to use approximately €210 billion of frozen assets held by the Bank of Russia in Euroclear to finance Ukraine. This development is crucial for the bank's stability and the wider financial market.
Source Reuters
Fitch's decision reflects increased risks tied to the political and financial consequences of these asset deployments. As a key player in clearing and settlement services, Euroclear's operations could be impacted by potential shifts in asset status amid this geopolitical conflict.
Looking ahead, further assessments by Fitch are expected depending on how the situation with the frozen assets and EU policies unfolds, affecting Euroclear's reputation and creditworthiness.
