Industry Research: Structured Finance

Image placeholder
Structured Finance Trends: 2019 Review and 2020 Outlook
  • Industry Research: Structured Finance
  • Year : Mar 2020
Access Now
Summary

2020 is shaping up to be an even more challenging year than 2019 and, of course, the exact local and global impact of the COVID-19 pandemic is currently unknown. However, to date, GCR have assumed a severe stress environment will extend through the period laid down by the timelines of the National Disaster, i.e. up to 15th June 2020.  The type of stress is based on the reduction of economic activity reflecting a fall in consumer spending and negative business sentiment caused by travel restrictions, large scale self-isolations, quarantines and social distancing measures in effect in South Africa and globally.

Additional Information

The outlook for the Residential Mortgage Backed Securities (RMBS) is expected to be stable. A cautiously stable outlook is expected for the Auto Asset Backed Securities (Auto ABS) and Microloan ABS (including developmental credit), while some performance pressure is expected for Equipment Lease ABS.

Related Publication

Structured Finance Trends: 2019 Review and 2020 Outlook

2020 is shaping up to be an even more challenging year than 2019 and, of course, the exact local and global impact of the COVID-19 pandemic is curr...

Fox Street 3 (RF) Ltd (Monitoring Dashboard)

The Dashboard covers the period from November 2017 to November 2019 and is part of GCR’s performance monitoring process and does not constitu...

Rating Securitisation Transactions Involving Intermediate SPVs

This report explains GCR’s approach to the risks related to each of these SPVs to rate the debt issued by the Issuing SPV. Please note that t...

Available Purchase Options: