Fitch outlook for Spanish property worsens, RMBS on watch negative
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Fitch outlook for Spanish property worsens, RMBS on watch negative

Fitch has adjusted its rating assumptions for Spanish RMBS on the back of worsening property market expectations, more uncertainty over mortgage borrower insolvency legislation and persistently high unemployment. The net effect will be lower and slower mortgage recovery rates, the rating agency said in a teleconference on Tuesday.

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