A Russian securitization law that comes into effect at the beginning of July will make it easier for Russian issuers to structure domestic, on-shore vehicles that are bankruptcy remote. One of the main motivations for the legislation was to facilitate the securitization of SME loans with the aim to increase contribution from the SME sector to the overall GDP of Russia.
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John Deere priced a $1 billion securitization of loan contracts on new and used agricultural and construction equipment, according to deal documents.
August 28 -
Mercedes Benz Bank plans to issue 800 million in securities backed by German loan receivables for cars, vans, trucks, and buses.
August 28 -
The Securities and Exchange Commission has adopted a rule requiring more disclosure about the quality of loans in asset-backed securities.
August 27
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Ally Financial priced its latest subprime auto loan securitization, Capital Auto Receivables Asset Trust 2014-3, wider that the levels seen in Americredits Aug. 22 print.
August 27 -
California Republic Bank plans to issue its third prime auto loan securitization of the year, according to deal documents.
August 27 -
The earthquake that struck Napa County, CA will not have any material impact on the ratings of RMBS 2.0 transactions, according to Fitch Ratings.
August 26 -
Moodys Investors Service plans changes to its methodology for rating securities backed by the debt of start up companies that could result in downgrades of up to two notches on outstanding transactions.
August 26 -
The National Association of Federal Credit Unions strongly supports the National Credit Union Administrations proposed rule on asset securitizations for credit unions.
August 26 -
Barclays analysts estimate that $620 million of securitized commercial mortgages are exposed to Sundays 6.0 magnitude Napa Valley, California earthquake.
August 25
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Standard & Poor's plans to revise its ratings methodology for U.S. securitizations of mortgage servicer advance receivables.
August 25
