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Consumer Debt Mania in Mexico and Brazil: What Does It Mean for ABS?

Once exclusively available to the well-to-do, credit has been descending the socio-economic ladder in Mexico and Brazil during the past few years. Easing interest rates and healthy growth, among other factors, are inducting more low-to-middle income borrowers into the credit culture club of Latin America's two bulkiest economies.

Depending...

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