S. African ABS, RMBS Continue To Slip

13 May 2010

Performance of South African automobile loan asset-backed securities and residential mortgage-backed securities continued to deteriorate in the first quarter, according to Moody’s Investors Service.

Performance of South African automobile loan asset-backed securities and residential mortgage-backed securities continued to deteriorate in the first quarter, according to Moody’s Investors Service. Moody’s reported that the weighted-average cumulative loss trend for RMBS rose to 0.29%, while that of the auto-loan RMBS climbed 0.54% to 1.82%. The ...

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