In a release Wednesday, Moody's Investors Service said that ABS loans taken out by Mexican sub-sovereigns held up well during the downturn despite a deterioration in the flows of the underlying receivables.

Participation transfers from the central government — the most common asset used to back these loans - slid 20% in nominal terms in 2009 as the economy shrank.

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.