Fitch says that that the primary shift in issuance type will come from Korea where the agency anticipates a decline in traditional asset-backed securities ABS issuance and a re-emergence of the residential mortgage-backed securities RMBS product.
Fitch anticipates a shift in the volume of cross-border issuance in Korea away from the three primary ABS issuers, Samsung Card, LG Card, and Hyundai Capital towards RMBS, says Wit Solberg, senior director and head of Fitch's non-Japan Asia structured finance team. Solberg...
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