DBRS Morningstar’s Timeshare Loan ABS Sector Outlook—Negative Due to Coronavirus
As a result of the ongoing impact of the Coronavirus Disease (COVID-19) on the U.S. economy and on obligors’ abilities and willingness to repay outstanding debts, DBRS Morningstar’s outlook on the timeshare loan asset-backed securities (ABS) sector is negative. With the closure of many businesses across the U.S., jobless claims have exceeded 36 million since mid-March, severely disrupting overall economic activity and growth.
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