Better ratings lure issuers to whole biz ABS market
Whole business ABS, which saw a crowded pipeline the first half of the year, is set to continue a strong run as franchises shift from corporate bonds to securitization for better ratings and a broader buyer base.
Deal watchers attributed the increased deal flow to the migration of some restaurant brands from the corporate bond market to the securitization market in order to get a better rating and a diversified buyer base.“A company like McDonald’s would have less incentive to use securitization because they’re ...
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