EMEA SF losses 200-16 a mere 0.25% says Fitch

Fitch commented that just 0.25% of €3.2 trillion of structured finance transactions rated by Fitch and issued from 2000-2016 has resulted in realised losses, and more than 2/3 of this is from issuance in the heady days of 2006-7. Total losses over the life of transactions is now expected to be 59bp.

UK and Dutch RMBS transactions have been among the most resilient, it said.

Higher asset valuations, better lending standards, better loan servicing, a better economy, and more credit protection have all helped lower losses.

Read the report here