Italy’s leasing asset-backed securities market
continued to deteriorate in November 2009, according to a report by
Moody’s Investor Service.
The rating agency said that the net default
index rose to 2.3 percent, which represents a 42 percent increase
from November 2008.
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It added that the delinquency index increase
from 4.4 percent to 5.9 percent in the same period.
Moody’s outlook for the Italian leasing market
is negative, reflecting the exposure to real estate, which makes
the sector “more vulnerable to negative pressures”.
Antonio Fabrizio
