US Securitization

The eclectic nature of US securitization left some sectors of the market flourishing and others floundering in 2023. Ayse Kelce, Kunyi Yang and Tom Lemmon look at which corners of the market have reason for cheer and whether there’s an expectation of a turnaround in sluggish or struggling sectors

Tighter underwriting standards are supporting investor confidence, though some will be 'stock picking'

Davidson Kempner-owned vehicle accelerates issuance on the back of positive investor feedback

Barclays-led transaction represented a significant interest saving versus restaurant chain’s direct lender funding

US ABS on course for biggest December in recent years as Carvana tightens

◆ Putting the AI in ABS ◆ Middle-market CLOs face more questions

Demand for car retailer's securitizations has swelled since an unsecured debt restructuring in July

Five deals are in the market as rates expectations buoy investor sentiment

Trading tech firm will collaborate with Moody's Analytics

Four out of five tranches tightened around 15bp-35bp

Although it is incentivising issuance as US banks look to shore up balance sheets, the imminent regulation could end up being a ‘real drag’

Middle-market CLOs may not be prepared to deal with a deterioration in leveraged credit