The retail securitization market of India has shown greater stability and it is performing even better than the developed countries such as US. It is said by the leading rating agency Crisil, on Wednesday. The country has set a record of better securitization, even amid the unfavorable financial conditions in the world.

The country offers very superior profile of the assets securitization. It provides very simple financial instruments as compared to the developed markets. There is no need of securitization of 'sub-prime' housing loans in India. Loans are taken on the basis of earning capacity of the individuals and firms. That is why; securitization market in India is relatively immune to the asset price fluctuations and provides less chance of variations in prices of property.

The director of structured finance ratings with Crisil, Ajay Dwivedi said, "From the highest rating of AAA for structured instruments, only about 2 per cent of instruments have been downgraded over a one-year time-frame. The most significant factor characterizing securitization in India is the robustness of the underlying retail assets. Unlike in the US, there has been no securitization of sub prime housing loans in India. This is quite comparable with the behaviour of Crisil's AAA ratings for other instruments,"