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Canada's Stable Consumer ABS Performance Reflects The Country's Stable Credit Environment, Says Report Aug 11
Standard & Poors, Aug 2011
Abstract
NEW YORK (Standard & Poor's) Aug. 19, 2011--Canada's consumer asset-backed securities (ABS) market continues to maintain its historically stable performance amid the country's sound credit environment, according to a recently published report by Standard & Poor's Ratings Services. 'While the amount of outstanding ABS declined during the recent economic downturn, overall performance has been improving,' said research analyst Erkan Erturk. 'In addition, the new issuance market remains active, and the country's unemployment rate continues to decline.' Canada's consumer-lending practices and securitization structures have generally been conservative, which creates collateral with high credit quality and helps support stable ABS ratings. Some key highlights from Canada's consumer ABS performance are as follows: Canadian ABS ratings have been stable across all rating categories...
Action: General Comment
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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