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...

South African Securitisation Programme (RF) Limited Series 3

The South African Securitisation Programme (RF) Limited – Series 3 (“SASP 3”) is a revolving series and the third of three series...

GCR Risk Score Snapshot as of Dec 31st 2019

If you are interested in the underlying scores, ratings or a more detailed score breakdown for any of the issuers mentioned, or the methodologies t...

Available Purchase Options: