The consumer ABS sector appears to be bustling with undiminished vigor in Argentina.
Fitch Argentina recently rated the XLII series of the Consubond trust. The senior notes, totaling Ps35.5 million ($11.6 million), are rated AAA(arg).' The subordinated tranche, for Ps4.3 million, is rated A(arg).' The deal is backed by personal loans originated by Banco Saenz. The rating is, in part, based on the performance of the Consubond deals issued so far.