S&P’s Mixed Views for Euro ABS in 2013

Here’s a link to a very good (and brief!) summary of Standard and Poors’ outlook for the 2013 European Securitisation markets.

Click thru for a link to the podcast

Our own view is that the market will be marginally stronger in 2013. For in addition to the several positive developments in the queue for new issuance potential including the prime collateralised securities initiative, the tightening of spreads and a growing appetite for yield, particularly among US investors, we believe the general improvement in clarity within the related regulatory regimens should inspire additional confidence among both issuers and investors; perhaps even a rating agency or two.