Latin American structured finance new issuance exceeded our expectations with $10 billion in volume during the first half of 2021--roughly double last year's first-half total. Brazilian new issuance has been robust, and it continues to drive new issuance in the region. Meanwhile, Mexican and cross-border ABS issuance totaled $0.3 billion and $0.6 billion, respectively. We raised our full-year issuance forecast by approximately 20% to $17.5 billion, based on our expectation that new issuance volumes will remain strong in Brazil and issuance activity will increase in Mexico.