European Securitization
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S&P had also downgraded same deal last year after making a different mistake
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Lender is expected to land somewhere between recent trades from BMW and and RCI
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Moody's says the prevalence of PIKs could lead to bondholders wanting structural risk mitigants
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Plata, Paratus and Pepper look to price UK deals as pipeline builds for May
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Blackstone out with two trades but overall issuance could suffer
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Paratus says investors 'ready to go' as it offers mixed pool RMBS, while Pepper is out with second lien trade
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George Smith and US securitization editor Oliver West discuss Balbec's rare reperforming RMBS and the pick-up in public market activity
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Mediobanca and RCI Banque also pull in orders, as Waterfall finalises SBOLT trade
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Managers target pricing on first primary trades since early April
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German auto giant's marker has saved the euro ABS market from price uncertainty
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Firm aims to earn illiquidity premium by aggregating smaller portfolios into public deals
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Waterfall also heard selling down Funding Circle mezz as tone improves