Standard & Poor's Sounds Alarm on Covenant-Lite Loans in CLOs
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An influx of capital from catastrophe bonds and other non-traditional forms of reinsurance is pushing overall rates down, despite higher losses.
July 9 -
The issuance of credit card securitizations might get a boost later this year, according to Standard & Poor’s.
July 9 - Europe
Santander Consumer Bank plans to issue a €600 million securitization backed by auto loan receivables called SC Germany Auto 2013-2 UG.
July 8 -
the analysts at Bank of America Merrill Lynch have revised down their structured-finance issuance forecast in Europe for 2013
July 8 -
Moody’s Investors Service said today that it expected European commercial mortgage-backed securities (CMBS) to suffer further interest shortfalls, at least among the non-senior tranches.
July 8
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The widening in structured finance spreads is not yet a cause for credit concerns, according to a weekly outlook by Standard & Poor’s.
July 8 -
American International Group is on the market with a $125 million of five-year catastrophe bonds providing reinsurance against U.S. storms and earthquakes.
July 5 -
Standard & Poor’s downgraded several CMBS transactions this week and said it expects to lower the ratings on more of these deals.
July 5 -
Unicredit plans to issue a securitization backed by short-term euro loan receivables made to large corporates, small and medium sized enterprises (SME); and self-employed individuals based in Germany.
July 5 -
Royal Bank of Canada and Canadian Imperial Bank of Commerce launched the first programs under the new covered bond framework in Canada.
July 5 -
Ares Management is prepping a $500 million collateralized loan obligation, according to a presale report by Moody’s Investors Service.
July 5 -

