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Press Release: S&PGR Says Australian ABS Asset Classes Performed Well In Q4

5 Mar 2017 10:02 pm
 
 
The following is a press release from Standard & Poor's: 
 
MELBOURNE (S&P Global Ratings) March 6, 2017--Australian asset-backed 
securities (ABS) continued to perform within rating expectations in the fourth 
quarter (Q4) of 2016, according to a recent report by S&P Global Ratings. 
 
The report, "ABS Performance Watch: Australia And New Zealand," cites the 
soundness of the collateral performance of ABS transactions, particularly auto 
loan ABS. The continued credit enhancement to senior notes within the 
transactions bodes well for the ability of the ratings to withstand 
deterioration in economic conditions, it says. 
 
"ABS Performance Watch: Australia And New Zealand" provides a comprehensive 
analysis of the performance of term ABS transactions in Australia and gives 
valuable insight into the performance of the programs' underlying assets and 
securities. The report is produced on a quarterly basis and provides 
comparative data on each program. The report will be available on 
RatingsDirect, at "http://www.globalcreditportal.com" and can be found on S&P 
Global Ratings' website at "http://www.spratings.com". Members of the media 
may request a copy of this report by contacting Richard Noonan on (61) 3 9631 
2152 or "mailto:richard.noonan@spglobal.com". 
 
Only a rating committee may determine a rating action and this report does not 
constitute a rating action. 
 
AUSTRALIA 
Standard & Poor's (Australia) Pty. Ltd. holds Australian financial services 
licence number 337565 under the Corporations Act 2001. Standard & Poor's 
credit ratings and related research are not intended for and must not be 
distributed to any person in Australia other than a wholesale client (as 
defined in Chapter 7 of the Corporations Act). 
 
The report is available to subscribers of RatingsDirect at 
www.globalcreditportal.com and at www.spcapitaliq.com. If you are not a 
RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 
212-438-7280 or sending an e-mail to research_request@spglobal.com. Ratings 
information can also be found on the S&P Global Ratings' public website by 
using the Ratings search box located in the left column at 
www.standardandpoors.com. Members of the media may request a copy of this 
report by contacting the media representative provided. 
 
Primary Credit Analyst: Mark P Symes, Melbourne ; 
                        mark.symes@spglobal.com 
Secondary Contact: Elizabeth A Steenson, Melbourne (61) 3-9631-2162; 
                   elizabeth.steenson@spglobal.com 
 
 
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Copyright (c) 2017 by Standard & Poor's Financial Services LLC. 
All rights reserved. 
 
 

(END) Dow Jones Newswires

March 05, 2017 17:02 ET (22:02 GMT)
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