...(% Change, YOY) YOY ¡ Year over year. Note: This subcomponent incorporates the YOY percent change in Fitch's 90+-day delinquent Spanish RMBS Index to gauge changes in mortgage loan delinquency levels across over 100 RMBS deals. As higher delinquencies indicate a relatively greater level of consumer and therefore system stress, while lower levels indicate an improvement, changes in this index are inversely related to changes in credit conditions in general and GDP, and may lead the broader economy to some degree. Source: Fitch Ratings, Oxford Economics (GDP). (Subcomponent, % Change, YOY, Inverted) (200) 0 200 400 600 (6.0) (3.0) 0.0 3.0 6.0 Real GDP (LHS) SME Delinquent (RHS)...