Asia's securitization market could finally be on the way to sustained issuance, according to Ben McCarthy of Fitch Ratings. Despite several false starts, a true asset-backed market is now emerging, he says, adding that 2005 will likely be the region's best ever year.
McCarthy, who was addressing a roomful of investors at Fitch's annual review of the Asian securitization and structured product markets, gave a presentation with a title that reflects the agency's positive view This time it's real. Strong issuance in Taiwan and Singapore, green shoots of recovery in Korea, keen government backing in Hong Kong and the first signs of activity in China all point, for the...
