Latest news
Latest news
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
More articles
More articles
-
Consumer lenders are tapping securitization less and less, according to S&P Global Ratings, with the securitization of consumer loans at “record lows” across sectors — though rising interest rates could reinvigorate ABS backed by short dated collateral.
-
Tesco Bank has priced its first credit card ABS of the year, while Unipol Banca has released initial guidance on its SME ABS and Premium Credit is readying a deal backed by insurance premium finance loans. -
Issuers’ confidence in limitless demand for ABS has been dented somewhat, as buyers pushed back on two sterling deals to widen pricing from initial guidance this month.
-
Marketplace loan ABS investors are showing a higher tolerance for risk, flocking to recent marketplace loan securitizations which are increasingly backed by a higher proportion of risky loans and structured with deeper capital stacks.
-
The European Parliament gave final approval to new common rules for securitization in the European Union on Thursday, in addition to finalising the simple, transparent and standardised (STS) securitization framework.
-
United Airlines was selling the ‘B’ notes of an enhanced equipment trust certificate (EETC) offering to fund the purchase of 18 aircraft early this week, as investor demand for aircraft ABS continued to heat up.
-
The senior class of P2P Global Investments’ MOCA 2017-1 UK marketplace loan ABS transaction was priced at the wide end of guidance, though the final spreads further down the capital stack pointed to a strong execution for the deal.
-
Jewellery retailer Signet Jewelers is outsourcing the servicing of its subprime loan portfolio to Genesis Financial Solutions, as part of a broader plan to trim its balance sheet.
-
The European Parliament on Thursday is expected to give the stamp of approval to common rules for European securitization, in addition to giving final approval to the 'simple, transparent and standardised' (STS) securitization framework.
