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EUROPE: CONSUMER LOAN ABS MARKET IN EMEA DISPLAYS STABLE PERFORMANCE INDICATORS IN Q1 2008.

IPR Strategic Business Information Database, May, 2008

Asset-backed securities (ABS) transactions backed by consumer loan portfolios in the Europe, Middle East and Africa (EMEA) region accounted for an outstanding pool balance of EUR16.4 billion distributed among 37 underlying pools of receivables as at the end of the first quarter of 2008, says Moody's Investors Service in its new index report for the consumer loans ABS market.

Moody's index report, which covers performance data up to the end of March 2008, providesdetails on delinquencies, defaults and losses for EMEA consumer loans ABS transactions. "In Q1 2008, the level of delinquencies 90-180 days overdue remained stable at 0.77%, up marginally from 0.56% in Q1 2007. Net cumulative defaults remained stable at 0.73%, up just by 0.09 % from one year previously....

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