Milan’s new collections

Italian securitisation


Italy’s securitisation market is maturing. But that doesn’t mean it has settled down and become boring. As Valentina Varola, a structured finance analyst at rating agency Moody’s in Milan, points out in the ‘2002 First Half Review and Second Half Outlook’: “One of the most interesting characteristics of the maturing Italian market [is] the development of two somewhat contrasting trends: a degree of standardisation on the one hand and an increase in creativity on the other.”

Last year

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