None of the MBS or auto loan deals that have come out of Russia, Kazakhstan or the Ukraine has reported losses through the end of 2007, according to a performance report by Moody's Investors Service. RMBS delinquencies remain low as well, with four of 10 outstanding deals showing levels below 0.3%.

The constant prepayment rate for most RMBS has been high, averaging 20% in the second half of 2008, while total redemption rates in the auto loan class have generally been steep as well, at 40% and above.

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