Le Lézard
Subject: Economic News/Analysis

KBRA Releases Research ? 2024 European Structured Finance Sector Outlook: Turbulence Ahead

KBRA Europe releases its 2024 European Structured Finance Sector Outlook, examining key trends from 2024 and providing forecasts for the year ahead.

Will 2024 bring us an economic soft landing or a hard one? Will interest rates remain high, or will an economic slowdown cause central banks to begin cutting rates? Many key elements are improving each day, with inflation rates slowing and unemployment remaining low, but many other signals suggest a slowdown ahead. Next year looks to be a bumpy ride as central bankers and governments navigate the coming turbulence. For European securitisation markets, continued collateral performance deterioration is likely in 2024 as borrowers in some sectors begin to feel the impact of current conditions. On the other side, the funding environment has changed to bolster securitisation issuance, with the European Central Bank and Bank of England stepping back from bank funding support. In this report, KBRA details its outlook for European securitisation markets in 2024?including performance trends, new issuance forecasts, and sector-specific commentary?and we examine rating trends from 2023.

Key Takeaways

Click here to view the report.

About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA's ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

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