Latest news
Latest news
January's ABS data center deals see tenant numbers drop but demand remains strong
Deals including some commercial mortgages expected to follow
Deal was priced 6bp tighter than most recent iteration of the asset class
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Fitch Ratings said on Monday that it expects to issue unsolicited ratings more frequently on deals it has not been mandated to rate, as the agency looks to respond to more widespread late-cycle lending behaviour in securitization markets.
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Following on from PSA Bank’s well received car loan securitization, which was priced inside price talk on Wednesday, pricing for Ford’s GlobalDrive Auto Receivables 2018-A on Thursday points to rosier investor sentiment towards euro ABS deals in the near term, reversing the lacklustre demand just before summer.
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Catastrophe bonds and the emerging markets fit well together, with perils in China and Southeast Asia particularly well placed to be covered. Can the insurance-linked securities market take off?
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The UK government has launched the second securitization of income contingent student loans, roughly a year after the first deal was closed.
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Catastrophe bondholders barely felt the flooding unleashed by storm Florence in the Carolinas, highlighting the lack of market exposure to US flood risk.
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The US securitization market is enjoying the usual post-Miami conference pick-up in activity, with as many as 17 deals lined up to be priced this week.
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German captive auto lenders could be most at risk from softer used car prices, with a hit to profitability of up to 82% under a hypothetical stress scenario, according to Fitch Ratings.
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Tesla has hired a capital markets professional who previously worked in project finance at a solar developer in California.
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Verizon priced its seventh mobile device payment plan ABS deal on Tuesday, with the issuer benefiting from better treatment from rating agencies, which allowed it to lower the credit enhancement in the structure.