Trio of equipment ABS emerge as trade headwinds persist

John Deere tractor for new website
By Jennifer Kang
15 Jul 2019

De Lage Landen and John Deere have announced agricultural and construction equipment ABS deals in the midst of elevating trade uncertainties, while a transaction from Amur Equipment Finance is teeing up as as well, according to preliminary documents filed by the issuer.

“The U.S. agricultural sector is facing a tough 2019 with the continued impacts of relatively heavy rainfall this spring and tariffs,” Bank of America Merrill Lynch analysts wrote in a securitization research note on Monday.

Bad weather has been a significant disruptor, causing a record-slow planting pace for ...

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