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Presale:Coventry Bond Trust 20231 March 29, 2023 PRIMARY CREDIT ANALYSTPreliminary RatingsCalvin C Leong MelbournePreliminary amount (mil. A$)Credit support before credit is given to mortgage insurance
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Fitch assigns expected ratings to provide an estimate of the likely rating that a debt issuer would receive based on its creditworthiness.
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The purpose is to help investors and market participants gauge the credit risk associated with specific issuances prior to their formal rating.
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