Moody's: Spanish RMBS and ABS SME performance will not significantly improve in 2017
Madrid, November 16, 2016-- Arrears will not significantly improve in Spanish residential mortgage-backed securities and asset-backed securities backed by loans to small and medium-sized enterprises, says Moody's Investors Service. "The September 2016 unemployment rate hit 18.9%, its lowest level since 2009. However this is still high and well above pre-crisis levels, which lead us to believe that improvements in arrears will remain contained in 2017. Uncertainty around...
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