Unemployment Hurting Spanish Consumer ABS Performance

Rising unemployment is expected to have continuing negative impact on the performance of consumer asset-backed securities in Spain, according to Moody’s Investors Service.

  • 29 Sep 2009
Rising unemployment is expected to have continuing negative impact on the performance of consumer asset-backed securities in Spain, according to Moody’s Investors Service. In its annual review of the European consumer loan RMBS, Moody’s blames an “extremely large rise” in unemployment in Spain over the past two years ...

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3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
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