Performance of U.K. prime residential mortgage-backed securities continued to be stable in December, according to Moody’s Investors Service. Moody’s said the 90-plus-day delinquency rate stood at 1.8%, the same level as a year earlier, while the annualized redemption rate for the month fell to 13.72%, compared to 13.75% in December 2009. Moody’s also reported that performance of Spanish securitization transactions backed with loans to small and medium-sized enterprises was stable in December.

Click here to read the release from Moody’s Investors Service.