In Fitch Ratings' latest quarterly report on RMBS performance in Mexico, the agency said that there was an appreciable rise in delinquencies during the fourth quarter.

Macroeconomic trouble was the primary culprit although some portfolios had their own particular problems. Deals backed by collateral denominated in pesos generally did better than those backed by loans in inflation-indexed units (UDIs), which is the denomination of most mortgages in Mexico.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.