Transition Study Says European Structured Finance Downgrade Rate Falls For The First Time In Four Years

Standard & Poors, March 2011

Abstract
LONDON (Standard & Poor's) March 21, 2011--Last year, the European structured finance downgrade rate fell for the first time since 2007, though it remained well above the long-term average, according to a Standard & Poor's Ratings Services transition study, published today. The report notes that the gathering pace of Europe's economic recovery was broadly reflected in improved aggregate credit performance among structured finance transactions in 2010. "While some countries have powered out of recession, though, others have been left behind, creating a divide along roughly north-south lines," said credit analyst Andrew South. He added: "The pockets of continued economic weakness in some countries--and the related sovereign debt crisis--meant that credit trends within European structured finance varied widely across the region

Article Type:NEWS,COMMENTS
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