...Fitch's Asset Performance Outlook: Stable Economic fundamentals, including sustained economic growth, low and stable unemployment, significant population growth and low, albeit rising interest rates will lead to stable asset performance in both Australia and New Zealand in 2019. Falling house prices in some Australian cities and states will continue, and Fitch Ratings expects the slowing property market to result in increased late-stage arrears, but to have only a limited impact on early-stage arrears. The trend for New Zealand residential property prices should be stable to mildly negative. The auto ABS asset performance is likely to be stable due to economic fundamentals, but with some further softening in market conditions with a reduced demand for new cars, which may have a positive influence on demand for used vehicles, supporting asset recoveries. The consumer ABS sector should grow further, with asset performance remaining stable. Fitch's Ratings Outlook: Stable Fitch has Stable...
