With the favorable macroeconomic environment set to continue into 2007, European securitization market volume is expected to break the record 458 billion ($591 billion) issued in 2006, the European Securitization Forum (ESF) said.

Factors such as stronger economic growth, the improved employment situation, continued housing sector strength and the associated credit expansion, the ESF said, are supportive of both rising issuance volume and credit quality.

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