Catalonia social rent decree to affect RMBS deals

By Tom Brown
06 Apr 2020

A law to promote access to housing enacted in Spain’s Catalonia region risks delaying the recovery for some RMBS and non-performing loan (NPL) deals set to be affected by economic fallout from the coronavirus pandemic, DBRS said in a report on Monday.

The Catalan parliament approved the amendment (decree law 17/2019) on February 5, intending to promote access to housing for economically vulnerable borrowers.

With Spain among the countries hit hardest by the coronavirus crisis, recovery forecasts will have to be revised even further, as the law has the ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.