OREANDA-NEWS. Fitch Ratings says in its latest EMEA SME Securitisation update that following the UK's vote to leave the EU, performance of UK SMEs will likely come under pressure in the near term due to the uncertainties surrounding Brexit. The FTSE 250 saw large losses soon after the vote but has recovered since. Ratings on UK SME securitisations are, however, expected to be unaffected.

Additionally, the report also highlights the increasing exposure to the energy sector in securitised SME portfolios. This is driven by a growing demand for environmentally friendly energy - with many countries committing to reducing their carbon emissions - and supported by subsidies and regulatory incentives.

The newsletter provides an overview of SME CLO issuance and performance summary over the last quarter, in addition to SME-related topics. The newsletter is available on www. fitchratings. com or by clicking the link above.

The newsletter also provides hyperlinks to all rating action commentaries and SME-related reports published in the last three months. It further includes European Central Bank SME funding conditions data, covering both interest rates and lending growth, as well as Fitch's delinquency index based on European Data Warehouse SME CLO data.