NPL and legacy trades key to 2017 volumes

摘要

A successful reboot of the Italian NPL securitisation market may hold the key to 2017 European ABS supply eclipsing last year's post-crisis high, but market participants are confident that chunky legacy trades should still boost volumes. S&P Global analysts' base case of €80bn-€85bn for investor-placed 2017 supply in Europe assumes only "modest volumes" of legacy portfolio securitisations, they said in an outlook report published last week.