In a new outlook report on the Latin American SF sector, Fitch Ratings highlights that while most of the world continues to feel the effects of the global credit crisis, Latin American ratings continue to be fairly resilient.
Fitch Ratings’ credit outlook for Latin American structured finance (SF) transactions in 2012 is stable. This view is consistent with most of the outlooks for the sovereigns in the region.
The stable outlook is based on the continued recovery and growth of Latin American sovereigns, which foster improved asset performance. Improving economic conditions in the region exerted a stabilizing influence on the credit quality and collateral performance of the majority of SF portfolios.
On the cross-border market, the report comments on Fitch’s outlook for transactions backed by oil & gas related assets in Brazil and the transactions securitizing public-private initiatives to help finance certain infrastructure needs in Peru. On the national scale side, the outlook elaborates on the stage of the developing RMBS market in Brazil and new regulation that can affect the local FIDC market. The report also describes asset performance levels in Colombia, Chile, Mexico, and Argentina.
For details see the full report 2012 Outlook: Latin American Structured Finance
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