Standard & Poor's has predicted a strong year for the Australian structured finance market, after rating 56 transactions last year worth A$33 billion (US$20 billion). In 1998 S&P rated 55 transactions worth A$22 billion.

The value of actual issues was A$25.7 billion (compared to A$16.1 billion in 1998), bringing outstandings in the mortgage- and asset-backed markets in 1999 to A$69.9 billion. Residential mortgages continued to dominate the asset categories, accounting for 62.4% of deals, although S&P acknowledged the trend towards asset diversification.

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