Rejuvenated Italian RMBS shows timely stability

By Tom Porter
29 Apr 2014

ABS syndicates trying to speed up the revival of Italian RMBS issuance since Veneto Banca’s breakthrough transaction this month have received a boost after Moody’s said its main performance indicators for the sector showed signs of stabilising.

Moody’s said “the majority” of Italian RMBS transactions it rates showed stable aggregate 90-plus day delinquencies and cumulative defaults in the three month period to January 2014.

The ratings agency said the stabilisation was mainly driven by the country's improved economic conditions, and in particular the settling of ...

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