10.12.2015 21:32:00
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Moody's: Canadian ABS, RMBS and covered bonds supported by steadily growing economy in 2016
Toronto, December 10, 2015 -- Canadian asset-backed securities (ABS), residential mortgage-backed securities (RMBS) and covered bonds will continue to perform well in 2016, Moody's Investors Service says in its just-published outlook for ABS, RMBS and covered bonds in Canada. The assets backing the securitizations are mainly consumer receivables, whose performance is aligned with that of the wider economy.