OREANDA-NEWS. October 06, 2015.  Fitch Ratings says in a new report that the performance of Spanish SMEs operating in the real estate sector is improving and arrears in post-crisis securitised portfolios are trending to low levels. This is part of a declining trend in loan delinquencies across all sectors in Spain indicating a broad-based recovery, based on performance data sourced from the European Data Warehouse.

However, in Italy the real estate sector representing 38% of securitised portfolios is showing high but stable delinquency ratio. One in two delinquent loans in Italian securitised portfolios is from the real estate sector.

In the latest edition of Fitch's newsletter, the agency notes that indicators and surveys are pointing to an improved funding environment for UK SMEs. However, demand for external funding remains subdued.

The newsletter provides an overview of SME CLO issuance and performance summary over the last three months 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.

The SME CLO Compare that details all Fitch-rated transaction performances based on their investor reports is also published at the same time of the newsletter. The spreadsheet is available by clicking on the link below and saving the file prior to opening it.