Standard & Poor's is unlikely to upgrade its ratings on nonbank commercial lenders over the next two years because increased competition for both secured and asset-based credit facilities has led to looser underwriting standards.
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A busy week for Dutch RMBS saw 1.74 billion ($2.37 billion) of investor placed deals priced at tight levels.
May 30
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The U.S. government is the largest olbigor, representing 29.4% of the pool backing Mass Mutual's latest securitization deal.
May 29 -
Fifth Third Bank is planning its second auto loan securitization of the year, according to a regulatory filing.
May 29 -
The pool in the latest deal to be issued from the MSBAM trust has a higher lodging concentration (24.0%) than any of the conduits Kroll Bond Ratings has rated over the previous six months.
May 29
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Lineage Logistics plans to issue $655 million of securities backed by a single, two-year, floating rate commercial mortgage loan that is secured by 42 cold storage warehouses owned by 17 special-purpose property companies.
May 29
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Milan-based Agos Ducato plans to issue securities backed by a 1.35 billion portfolio of unsecured consumer loan receivables, according to DBRS.
May 28 -
Banca Selle plans to issue 432 million ($587 million) of AA rated Italian mortgage loans from its Mars 2600 trust, according to DBRS.
May 28 -
A $350 million commercial mortgage backed security (CMBS) secured by a building with the U.S. Postal Service as the main tenant is coming down the pipeline, according to a release by Standard & Poors.
May 28 -
Moodys is taking a more upbeat view of legacy deals backed by subprime residential mortgages.
May 28 -
According to a Standard & Poors presale report the latest offer from RESIMAC Triomphe Trust will include $150 million in securities, rated 'AAA'.
May 28
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He joins from BlackRocks mortgage credit portfolios team, where he was lead portfolio manager and lead trader for non-agency RMBS trading.
May 28
