Italian SME ABS performance softens

By Tom Porter
22 Sep 2014

The delinquency levels of Italian SME and lease ABS increased in July, according to a report from Moody's published the same week UniCredit reopened the market for Italian SME transactions with the help of three European credit agencies.

The 60 to 90 day delinquency rate increased to 1.7% in July 2014 from 1.3% in the same period the previous year, Moody’s said on Friday. Total delinquencies increased to 8.9% in July from 7.8% a year earlier.

The average constant prepayment rate rose to 3.8% from ...

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