Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Markets to recover, but volume low: Fitch

Staff Reporter 1 minute read

Australia’s securitisation markets are expected to recover in the second half of 2008, according to ratings agency Fitch Ratings. Volume however will be low compared to previous years.

Fitch told the Sydney Morning Herald today that a total market volume of $30 billion was expected for 2008, with only $10 billion expected to be written in the first half of the year.

The estimate falls far short of 2007’s volume of $56.8 billion.

“We expect the year to start slowly in terms of issuance but to build in momentum as the year progresses and as the market finds equilibrium between pricing expectations of issuers and investors,” said Fitch managing director and head of structured finance Ben McCarthy.

The ratings agency expects to see 2008 defined by smaller deals and a noticeable increase in non-residential mortgage backed securitisation transactions.

Published: 18-01-08

Advertisement
Advertisement
Markets to recover, but volume low: Fitch
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
GlennGibson Cashback offers driving new consumer behaviour

More borrowers are looking at refinancing to take advantage of sh...

Peter White FBAA warns against volume-based incentives

The Finance Brokers Association of Australia has urged lenders to...

Sam white Why COVID-19 broking trends are here to stay

Loan Market executive chairman Sam White has commended brokers fo...

FROM THE WEB