Moody’s: South African securitisation at turning point

“The market’s still in a good position but we are probably at a turning point,” said Christophe de Noaillat, team leader for South African structured finance at the rating agency in London. “Delinquency numbers have increased but they started from a low base, so even if it gets worse it’s not cataclysmic. You have strong structures and strong originators, and it’s too early to say that it’s plunging off a cliff.”

Delinquencies and losses among South African securitisations have been accelera

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: