Business Services Industry
S&P says Mexico is new market for securitization of consumer credit.
Internet Securities, September, 2003
MEXICO CITY, Sep 30, 2003 (Notimex/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Standard & Poor's (S&P) has revealed that Mexico is a new market in Latin America for the securitization of consumer credit, which is an alternative source of financing for companies and institutions in this area of the economy.
In a report, the ratings company said that among the range of different assets that can be quoted on the stock exchange, consumer credit is one of the most apt. S&P said that because of this it is not surprising that in many financial institutions in the Mexican market with high rates of growth in consumer loan portfolios, there is great interest in the process and characteristics of analysis of the securitization of these assets.
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