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Structured finance – Global

Speed and extent of recovery will vary by asset class and region, with pandemic weighing on performance

“With vaccine distribution on the horizon, recovery will take hold in 2021 for many asset classes but will be more gradual for some of those hardest hit by the pandemic. Transaction performance will continue to be bolstered by a gradual economic recovery and government aid to consumers and corporates, along with structural protections such as subordination and cash flow diversion mechanisms.”
Peter McNally
Vice President -Senior Analyst
Moody's Investors Service
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2021 Outlook for global structured finance

Coronavirus-induced downturn will continue to impact the global securitization market in 2021. Recovery will be uneven with constrained issuance volumes, housing and workplace behavioral shifts, tighter underwriting and more ESG focus.