Wells Fargo says election risk calls for shift to larger issuers

By Jennifer Kang
25 Nov 2019

Market participants should seek value in size, seeking protection from election volatility in larger issuers, bigger deals and thicker tranche sizes, says Wells Fargo in its 2020 securitization outlook.

The ABS market is undervaluing the advantages of issuer or deal size, leading to a lack of tiering, even as several market dislocation factors loom. While there is no consensus about if, or when, the US will fall into recession, the US presidential election is a predetermined and ...

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