S&P has rated $260 million of class A notes offered under the capital structure ‘A+.’ The $17.5 million class B notes are rated ‘BBB’. The LTV on all the series is 70%.

April 29
1 Min Read
  • The Carlyle Group said Thursday it closed on two collateralized loan obligations, one in the U.S. and one in Europe, totaling approximately $1.17 billion.

    June 27
  • American Express upsized a securitization backed by its credit card receivables to $1.43 billion from $578 million, according to a deal document.

    June 27
  • ABS

    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.

    June 26
  • Andrea Bryan joins NewOak as a managing director in its credit services group, responsible for credit risk management and operating advisor services for structured products, after a 15-year tenure at Standard & Poor's.

    June 26
  • To date, most issuance of bonds transferring risk of property damage to investors has come from insurers who are looking for an alternative to reinsurance. Yet climate change is bringing an increasing incidence of floods, windstorms and other kinds of extreme weather, requiring corporate issuers to pay ever more attention.

    June 26
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