Aircraft ABS deal shelved as virus fears push spreads wider

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By Jennifer Kang
27 Feb 2020

Coronavirus fears loomed over an otherwise benign SFVegas conference this week, with concerns over a pandemic trickling particularly into the aircraft segment. Sources say tangible cracks are beginning to show, with one deal shelved and spreads widening dramatically in the last week.

The market has moved wider by 40bp on senior tranches of aircraft ABS deals week over week as of Thursday, according to Jake Remley, senior portfolio manager at Income Research + Management. The movement is more dramatic than what has been seen in senior credit card and auto ...

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