Fitch sounds warning on Mexican lease ABS

Fitch sounds warning on Mexican lease ABS

Structured Finance

Rapid expansion of some Mexican lenders, fuelled by securitization, is causing concern for ratings agency Fitch. “In the last 18 months we’ve had major activity,” Greg Kabance, managing director for LatAm structured finance, told LatinFinance on Thursday. “Small leasing companies, small financing companies, they’re using securitization as their primary method of growth, and they’re also experiencing significant growth. [They have] very large concentrations, and revolving structures – and revolvi

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