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12.02.2014 21:34:00
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Moody's: Outlook for Canadian ABS, RMBS, and covered bonds remains stable
Toronto, February 12, 2014 -- Moody's Investors Service is maintaining its stable outlook for Canadian asset-backed securities (ABS), residential mortgage-backed securities (RMBS) and covered bonds in 2014 because of the improving Canadian economy, which will support already strong collateral performance, according to "2014 Outlook -- Canadian ABS, RMBS and Covered Bonds." Assets backing Canadian ABS, RMBS and covered bonds are predominantly consumer receivables, whose performance correlates to economic conditions.
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