Moody’s: Performance of Assets in Japan’s Securitization Market Will be Stable With Defaults to Stay Low in 2017

Moody’s Japan K.K. says that in 2017 the performance of assets backing outstanding consumer-related Japanese asset-backed securities (ABS) and residential mortgage-backed securities (RMBS) will be stable, with defaults and delinquencies to remain low.

Moody’s conclusions are contained in its recently released report “ABS and RMBS – Japan, 2017 Outlook – Strong Job Market Will Underpin Stable Asset Performance”.

ABS: Low unemployment will support performance of assets backing outstanding ABS

Moody’s view on the performance of assets backing outstanding consumer-related Japanese ABS deals is stable.

In particular, we expect default rates for auto loans, installment sales receivables and credit card receivables backing Japanese ABS to remain at around current low levels in 2017, supported by strong job market conditions and moderate economic growth.

Furthermore, the credit quality and performance of loans baking new consumer-related Japanese ABS issued in 2017 will be strong.

Japan’s strong job market conditions, moderate economic growth and the good underwriting standards of lenders will support the credit quality as well as performance of the loans backing new consumer-related Japanese ABS in 2017.

RMBS: Strong job market will underpin low delinquencies and defaults, while prepayments will remain high

Moody’s view on the performance of the mortgages backing outstanding Japanese RMBS is stable. We expect delinquencies and defaults to hold at around current low levels in 2017, supported by Japan’s strong job market conditions and the strong credit quality of underlying loans. Prepayment rates will remain high, which is credit positive for outstanding Japanese RMBS.

At the same time, the credit quality of mortgages backing new Japanese RMBS issued in 2017 will be strong, owing to the strict underwriting standards employed by lenders and historically low mortgage interest rates. These positive factors will mitigate the effect of high housing prices, which will be negative for new mortgages backing RMBS issued in 2017.

The material has been provided by InstaForex Company – www.instaforex.com

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Fxwirepro: Usd/thb Hovers Around Fresh 6-Week Low at 35.53, Consistent Close Below Targets 35.23

USD/THB is currently trading around 35.60 marks.
 
It made intraday high at 35.61 and low at 35.55 marks.
 
Intraday bias remains neutral till the time pair holds key resistance at 35.67 mark. 
 
On the top side key resistan…

The post Fxwirepro: Usd/thb Hovers Around Fresh 6-Week Low at 35.53, Consistent Close Below Targets 35.23 appeared first on forexnewstoday.net.

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Fxwirepro: Usd/thb Hovers Around Fresh 6-Week Low at 35.53, Consistent Close Below Targets 35.23

USD/THB is currently trading around 35.60 marks.
 
It made intraday high at 35.61 and low at 35.55 marks.
 
Intraday bias remains neutral till the time pair holds key resistance at 35.67 mark. 
 
On the top side key resistan…

The post Fxwirepro: Usd/thb Hovers Around Fresh 6-Week Low at 35.53, Consistent Close Below Targets 35.23 appeared first on forexnewstoday.net.

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Tillerson to say China’s Island-Building in South China Sea Is “an Illegal Taking of disputed Areas Without Regard for International

TILLERSON TO SAY CHINA’S ISLAND-BUILDING IN SOUTH CHINA SEA IS “AN ILLEGAL TAKING OF DISPUTED AREAS WITHOUT REGARD FOR INTERNATIONAL NORMS”-TEXTThe material has been provided by InstaForex Company – www.instaforex.com

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Tillerson to say China’s Island-Building in South China Sea Is “an Illegal Taking of disputed Areas Without Regard for International

TILLERSON TO SAY CHINA’S ISLAND-BUILDING IN SOUTH CHINA SEA IS “AN ILLEGAL TAKING OF DISPUTED AREAS WITHOUT REGARD FOR INTERNATIONAL NORMS”-TEXTThe material has been provided by InstaForex Company – www.instaforex.com

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TILLERSON TO SAY U.S. NEEDS “OPEN AND FRANK DIALOGUE WITH RUSSIA REGARDING ITS AMBITION” SO U.S. CAN CHART ITS OWN COURSE -TEXTThe material has been provided by InstaForex Company – www.instaforex.com

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Tillerson to say U.s. Needs “open and Frank Dialogue With Russia Regarding Its Ambition” So U.s. can Chart Its Own Course

TILLERSON TO SAY U.S. NEEDS “OPEN AND FRANK DIALOGUE WITH RUSSIA REGARDING ITS AMBITION” SO U.S. CAN CHART ITS OWN COURSE -TEXTThe material has been provided by InstaForex Company – www.instaforex.com

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Tillerson, in Senate Confirmation Hearing on Wednesday, to say Nato Is Right to be alarmed at Resurgent Russia -Text of Remarks

TILLERSON, IN SENATE CONFIRMATION HEARING ON WEDNESDAY, TO SAY NATO IS RIGHT TO BE ALARMED AT RESURGENT RUSSIA -TEXT OF REMARKSThe material has been provided by InstaForex Company – www.instaforex.com

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Tillerson, in Senate Confirmation Hearing on Wednesday, to say Nato Is Right to be alarmed at Resurgent Russia -Text of Remarks

TILLERSON, IN SENATE CONFIRMATION HEARING ON WEDNESDAY, TO SAY NATO IS RIGHT TO BE ALARMED AT RESURGENT RUSSIA -TEXT OF REMARKSThe material has been provided by InstaForex Company – www.instaforex.com

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