Italian leasing asset-backed securities (ABS) performance deteriorated in the three-month period leading to January 2012, according to the latest index report published by Moody's Investors Service.

Moody's net default index  increased only slightly to 2.84% in January 2012, from 2.76% in November 2011. The total delinquencies index, as of current pool balance, ended at 5.14% in January 2012. This represented a quarter-on-quarter rise from 4.8% in November 2011 and an approximate 40% year-over-year increase from January 2011.

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