Commentary
COVID-19: Payment Suspensions and Economic Impact on Italian RMBS, SMEs, and Salary Assignment Loan Securitisations
RMBS, Structured CreditSummary
Italian government actions in order to support the country and its residents through a difficult health crisis as a result of the Coronavirus Disease (COVID-19) have an impact on securitisation transactions. The collateral within residential mortgage-backed securities (RMBS) and small and medium-size enterprise loan transactions (SME CLOs) face payment holidays to support borrowers.
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Daniele Canestrari
Assistant Vice President - European Structured Credit Ratings
+(49) 69 8088 3680
daniele.canestrari@morningstar.com- Ilaria Maschietto
Vice President - European Structured Credit Ratings
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ilaria.maschietto@morningstar.com - Alfonso Candelas
Senior Vice President, Sector Lead - European NPL Ratings & Structured Finance Surveillance
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alfonso.candelas@morningstar.com - Christian Aufsatz
Managing Director - European Structured Finance Ratings
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christian.aufsatz@morningstar.com