Fitch, S&P downgrade commercial ABS outlook

By Jennifer Kang
25 Mar 2020

S&P Global Ratings and Fitch Ratings adjusted their views on the most at-risk commercial ABS asset classes, namely aircraft and whole business securitizations, as the Covid-19 crisis puts even the largest and most well-established issuers to the test.

Aircraft ABS is the most critically impacted sector within structured credit as a result of travel restrictions enacted to control the spread of the virus. Last week, sources told GlobalCapital that many investment banks were circulating orders to hold off funding committed debt transactions in the ...

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