Deal and ratings review, week ending September 14 2012

The Australian asset-backed securities market continued to see deal flow as ME Bank priced its SMHL 2012-2 transaction, and Investec Bank returned with Impala Trust No 1 Sub-series 2012-1. The second week of September also saw two small Kangaroo taps, though Australasian markets were otherwise subdued. Fitch downgraded Queensland one notch after the new government released its budget.