The Romanian Defense Industry - Market Opportunities and Entry Strategies Analyses and Forecasts to 2015
- Published: April 2011
- Region: Romania
Standard & Poor's Ratings Services' Q4 assessment of performance in Italian residential mortgage-backed securities (RMBS) shows that the trend that emerged in the previous quarter (a reduction of shorter term arrears, higher longer term arrears and increasing defaults), has continued into Q4. The current low interest rate environment and unemployment dynamics explain this dichotomy, in our view. Some transactions backed by riskier portfolios (as measured by leverage, underwriting standards, mortgage loan products, etc.) continue to underperform the rest of the market. Overall, the current macroeconomic environment continues to be consistent with structurally lower short-term arrears and higher default levels, in our view. We believe that riskier portfolios continue to be more exposed to the current challenging economic conditions, which could...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues. SHOW LESS READ MORE >
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