Structured Finance

Highlights

• 17 Mar 2016
  • Australian prime RMBS arrears and defaults to rise slightly in 2016; delinquencies increase in Q4 2015
    Delinquencies and defaults for Australian prime residential mortgage-backed securities (RMBS) will rise slightly from their current low levels, owing to below-trend domestic economic growth. However, losses will stay low, because of the build-up in home equity and deleveraging. In addition, the rise in Q4 2015 was expected, and reflected the effects of higher spending in the run-up to the annual Christmas/New Year holiday season... Press Release l Full Report
• 16 Mar 2016
  • Asian covered bond markets will continue to develop
    The markets in Singapore and Korea will continue to develop as more banks in those economies may establish new programs to diversify their sources of funding. At the same times, markets in other Asian economies, such as Malaysia, Thailand, Hong Kong and India, will also emerge over time, as they currently do not have covered bond-specific legal frameworks…Press Release l Full Report​
• 15 Mar 2016
  • Continued hotel construction a greater threat to US lodging sector CMBS than Airbnb
    Airbnb has had a remarkable growth trajectory and we expect this growth to continue, but the company competes mainly with lower priced hotels for leisure guests and is less competitive with higher priced, traditional hotels, thus over-building and consequent over-supply in the hotel sector is the more likely threat to traditional lodging sector CMBS... Full Report l Press Release