MARKETS Indonesia and South Korea may be some of the few Asian securitisation markets outside of Japan to show any life in 2009, as demand for fresh asset-backed and mortgage-backed securities, which dried up last year, shows little sign of reviving, according to Moody’s, the ratings agency.
“The trends that echoed through all Asian securitisation markets in 2008 – the lack of investor interest and widening spreads – are expected to continue into 2009,” said Moody’s special report Asian Structured Finance: Asian Markets Slowing and Continue to be Affected by Global Volatility, published on Tuesday. The report covers South Korea, Singapore, India, China, Taiwan, Indonesia, Hong Kong, Thailand and Malaysia.
