Unemployment Continues to Weigh on Some Structured Finance Sectors in Europe

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Unemployment Continues to Weigh on Some Structured Finance Sectors in Europe

Tuesday, 19 January 2010 13:16

Research Recap submits:

CDOs, CMBS and Spanish consumer and RMBS transactions most at risk of downgrade.

Fitch Ratings says that while the tentative global macro-economic recovery is positive for the European structured finance sector, unemployment is still rising in many European countries and therefore scope for deterioration in European structured finance asset performance remains.