Moody's slaps most UK ABS collateral with negative outlook

Moody's changed its outlook for collateral backing a range of UK ABS sectors to negative on Monday, citing weakening economic data and rising consumer debt as likely to impact securitization performance.

  • By Sam Kerr
  • 31 Jul 2017

The rating agency said that rising household indebtedness and a weaker macroeconomic environment were the “key drivers” behind the move. 

"The decision reflects our expectation of performance deterioration over the next 12-18 months," the analysts wrote.  

The report echoes the opinions of UK ABS market sources who have ...

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1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

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