Chile RMBS Immune to US Subprime, Says Fitch

Chile RMBS Immune to US Subprime, Says Fitch

Structured Finance

Fitch has affirmed 15 low income RMBS transactions within the Chilean market, in light of the recent turmoil in US subprime. "Current performance in the portfolios remains stable and there seems to be no apparent exposure to the current US subprime crisis," says the agency. It classifies the RMBS market in Chile as both prime and low income, with the latter further segmented into mortgages and leases. "While these products are classified as low income housing the characteristics and macroeconomi

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