ABS collateral pools to deteriorate in 2009

Rating agencies Moody's and Standard & Poor's released reports in January saying that loans backing structured finance transactions are this year expected to come under the greatest pressure since the inception of the European securitisation market, with more negative rating actions in the pipeline.

Falling house prices, rising corporate insolvencies and unemployment will be the chief drivers to a deterioration in the quality of collateral in most European structured finance transactions.

Andrew S

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