Global credit rating and indices firm, Standard & Poor's (S&P) has asked Indian and Asian economies, which are sitting pretty with high levels of savings, to wake up to the huge opportunities in securitization.

According to a report at the 39^th Annual Meeting of Asian Development Bank's (ADB) Board of Governors in Hyderabad few months back, infrastructure projects in the Asian countries were often hampered by lack of funding. At the same time, because of obstacles like legal issues to the development of asset securitization, the countries in the region are missing opportunities to improve social infrastructure. Securitization, if facilitated well, could allow future revenue streams and cash flow of these projects to act as collaterals for their construction.

AK Purwar, the then SBI Chairman, while addressing on the sidelines of the Asia Society's 16^th Asian Corporate Conference (ACC) on March 20, 2006, said, "With the kind of credit growth, we are experiencing, securitization and refinancing are the next two big things, which are going to happen in the next few years. We are taking a tottering step to this and plan to securitize 20-25% of our total in the next two years."

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