NPL ABS
- Dr P Singh
- Jan 10, 2017
- 1 min read
Aug 2016: Italy issued the first European NPL ABS. "The NPLs consist of defaulted mortgage loans, equal to €300.4 million, which are backed by residential and/or commercial properties located in Italy. [It includes]... mortgages that are of a second or lower ranking lien. The pool further contains unsecured loans, ... extended to individuals, as well as companies." Details from Moody's here
Moody's presents is view of the potential for a European NPL ABS market. Here
S&P suggest €40bn of isssuance in 2017 Here
Commentaires