More Trouble Expected For Italian Leasing ABS In ‘09

--Cristina Pittelli

The Italian leasing asset-backed securities sector is likely to come under more pressure in 2009 as delinquencies and defaults rise in the transactions and underlying economic conditions worsen.

Delinquencies have risen by 2.3% to 4.7% over the last four quarters and net cumulative defaults rose by 0.3% ...