EMEA Consumer ABS Worsen

19 Sep 2011

The performance of consumer loans in asset-backed securities in Europe, the Middle East and Africa continued to deteriorate in July, with Moody’s Investors Service’s cumulative default index rising to 3.8%, compared with 3.3% a year earlier.

The performance of consumer loans in asset-backed securities in Europe, the Middle East and Africa continued to deteriorate in July, with Moody’s Investors Service’s cumulative default index rising to 3.8%, compared with 3.3% a year earlier. Moody’s outlook for the sector is negative.

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