DBRS Releases January 2010 Monthly Canadian ABS Report
DBRS has today released its Monthly Canadian ABS Report, which provides an overview of the Canadian term asset-backed securities (ABS) market for the month ended January 31, 2010. The report provides detailed information on the $31.3 billion market, with disclosure on issuance volumes, asset composition and 12-month transaction performance histories. New transactions and rating actions that took place during and after the reporting period are also summarized in the report.
As of January 31, 2010, total outstanding amounts for the Canadian ABS market stood at $31.3 billion, up 4.0% from December. This increase reflects the new issuance of notes by Canadian Capital Auto Receivables Asset Trust III, Ford Floorplan Auto Securitization Trust and Fleet Leasing Receivables Trust.
The Canadian ABS market has been dominated by consumer obligations. The three largest assets classes, as of January 31, 2010, were credit cards (64.0%), auto loans and leases (13.9% and 2.9%, respectively), and personal lines of credit (secured 8.1% and unsecured 0.3%).
Note:
All figures are in Canadian dollars unless otherwise noted.
The full report is available by clicking on the link below or by contacting us at info@dbrs.com.