Rpt fitch global structured finance losses to finish 2013 lower

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Oct 2 (The following statement was released by the rating agency)Losses on structured finance transactions are on track to finish this year slightly lower than 2012, according to Fitch Ratings in a new report. Fitch assigned ratings to nearly US$10 trillion of global structured finance bonds between 2000 and 2012. Of that balance, Fitch estimates total losses (realized losses and future expected losses) of 4.6%. This figure is slightly lower than total losses of 4.9% in last year's analysis. Even excluding the newly-added 2012-vintage transactions, total losses will still finish lower than 2012 (at 4.7%). Key drivers of loss expectations are also unchanged. Not surprisingly, Fitch's total loss expectations are driven by U.S. RMBS, which accounts for over half of all global structured finance losses. A closer look at the RMBS numbers reveals a marginally improved picture for U.S. transactions, with losses to come in 9.5% for 2013 (compared to 9.9% last year). 'The significant recovery in the housing sector has supported continued improvement in borrower performance and has marginally buoyed the loss outlook for the U.S. RMBS sector overall,' said Senior Director Gioia Dominedo.

Structured finance CDOs (largely comprised of related RMBS bonds) account for a further 21% of global SF losses. Losses are also concentrated in peak market vintages, with bonds issued between 2005 and 2007 contributing 88% of global SF losses. Total losses remain low for global consumer ABS (0.1%), EMEA RMBS (0.3%) and APAC RMBS (0.003%). The largest increases in total losses are visible in U.S.

CMBS (6.3%) and EMEA CMBS (4.1%). 'Lower-than-expected valuations and recoveries on underperforming loans have led us to revise our loss expectations for legacy U.S. and EMEA CMBS loans,' said Dominedo.'Global Structured Finance Losses: 2000-2012 Issuance, is available at

'this site' or by clicking on the below link. Link to Fitch Ratings' Report: Global Structured Finance Losses (2000-2012 Issuance) var $relatedItems = $('lia "/article/global-markets-idUSL5N1EU2HP"GLOBAL MARKETS-Accelerating economic activity, inflation sustain investors\' festive fizz/a/lilia "/article/eurozone-bonds-idUSL5N1EU1X1"UPDATE 1-Euro zone yields fall as investors look beyond headline inflation/a/li'), $relatedItems = $relatedItems.slice(0,10), relatedBlockLimit = Number('6'), relatedItemsTotal = $relatedItems.length, $paragraphTags = $('#article-text p'), contentParagraphs = 0, minParagraphs = Number("8"); for (i=0; i $paragraphTags.length; i++) { if ($paragraphTags[i].innerText.trim().length 0) { contentParagraphs = contentParagraphs + 1; } } if (contentParagraphs minParagraphs) { setTimeout(function(){ if (relatedItemsTotal relatedBlockLimit) { $('.first-article-divide').append('div class="related-content group-one"h3 class="related-content-title"Also In Bonds News/h3ul/ul/div'); $('.second-article-divide').append($('.slider.slider-module')); $('.third-article-divide').append('div class="related-content group-two"h3 class="related-content-title"Also In Bonds News/h3ul/ul/div'); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $('.related-content.group-one ul'); var $relatedContentGroupTwo = $('.related-content.group-two ul'); $.each($relatedItems, function(k,v) { if (k + 1 = median) { $relatedContentGroupOne.append($relatedItems[k]); } else { $relatedContentGroupTwo.append($relatedItems[k]); } }); } else { $('.third-article-divide').append($('div class="related-content group-one"h3 class="related-content-title"Also In Bonds News/h3ul/ul/div')); $('.related-content ul').append($relatedItems); } },500); } Next In Bonds News UPDATE 1-British consumers borrow at fastest rate in 11 years as inflation threat rises LONDON, Jan 4 British consumer borrowing increased by the biggest amount in more than 11 years in November, boosting the unexpectedly robust post-Brexit vote economy in what could prove to be a big spending spree ahead of an expected rise in prices. BRIEF-US Concrete says its proposed offering of $200 mln aggregate principal amount of its 6.375 pct senior notes due 2024 * US Concrete Inc says its proposed offering of $200 million aggregate principal amount of its 6.375% senior notes due 2024 Source text: [this site] Further company coverage: Kazakhstan 2016 inflation slows to 8.5 pct year-on-year MOSCOW, Jan 4 Inflation in Kazakhstan slowed to 8.5 percent in 2016 from 13.6 percent in 2015, the Statistics Committee said on Wednesday. MORE FROM REUTERS window._taboola = window._taboola || []; _taboola.push({ mode: 'organic-thumbnails-a', container: 'taboola-recirc', placement: 'Below Article Thumbnails - Organic', target_type: 'mix' }); Sponsored Content @media(max-this site) { #mod-bizdev-dianomi{ height: 320px; } } From Around the Web Promoted by Taboola window._taboola = window._taboola || []; _taboola.push( { mode: 'thumbnails-3X2', container: 'taboola-below-article-thumbnails', placement: 'Below Article Thumbnails', target_type: 'mix' } ); window._taboola = window._taboola || []; _taboola.push