With prepayments stabilizing, the Belgian securitization markets may be poised for a comeback.

According to Moody's Investors Service, Belgian securitizations have been on a decline since reaching record volumes in 1998, when the market hosted EURO1.6 billion in new issues. For 2001, numbers reflected a new low of EURO380 million. However, based on the improving market conditions and the maturing of merged bank entities, the market will potentially see some growth.

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