In its mid-year update for European ABS and RMBS Moody's outlook for prime assets in France, Germany, the Netherlands and the UK has deteriorated since December 2011.
It now expects 2012-13 economic growth to be slower and unemployment rates to be higher across most jurisdictions and its outlook for the collateral performance of ABS and RMBS transactions in 2012-13 is stable for prime assets in France, Germany, the Netherlands and the UK and negaitve for Greece, Ireland, Italy, Portugal and Spain.
