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Rating agency explains reasons for cap
Opinion: Amid investment boom, S&P stoically maintains its position
Deal only included loans that were outside the scope of the FCA's redress scheme
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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. -
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.
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Noel Edison, a veteran banker who has run the European Bank for Reconstruction and Development's financial institution operations since joining in 2010, is retiring from the development bank.
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Speakers at the annual TSI Congress in Berlin raised concerns regarding regulators’ lack of industry guidance on data related issues, which could create a bottleneck in the market next year and hold back issuance of simple, transparent, standardised (STS) ABS deals.
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The demise of Wonga.com brought the payday lending industry back into the public consciousness. With socially minded investors scrambling to find assets, this industry seems ripe for intervention via social financing.
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The emergence of more regulation for the nascent property assessed clean energy (PACE) sector has put the brakes on loan origination and deal volumes this year, but issuers say a raft of natural disasters in the US over the past year have stimulated more interest in using the product to help protect homes from damage.
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The credit cycle is in its late stages but material distress in consumer credit is unlikely to be seen for some time, said panelists speaking on the state of the consumer ABS market on day two of ABS East.
