Securitization in Argentina has been the little engine that could since it sputtered out of the crisis sparked by the central government's default of December 2001. To be sure, the sector remains miles behind the regional locomotive it once was; up to 2001, Argentina was Latin America's domestic securitization leader, with a nearly $7 billion in outstanding issuance when the default struck.

In the last few years, growth has held steady, deal sizes are edging up, and the government's push to bring infrastructure into the ABS equation might give rise to new, if somewhat sporadic, platforms for deals.

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