Fitch points to tiny losses in ABS
Looking back on four years of credit crisis, Fitch Ratings said that realised losses made up only 0.3% of original balances. But the agency expects losses to get worse, led by CMBS transactions where the loans can no longer be extended.
The performance of European consumer assets is the most important result for the market Fitch expects total losses on all Fitch-rated balances to be 0.7%, though realised losses right now for pre-crisis transactions is 0.03%.
ABS market participants have often pointed to the strong performance of European assets
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