Moody’s Investor Service has assigned a Prime-1 rating to Royal Bank of Canada’s $10 Billion ABCP Program called Bedford Row Funding Corp.
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The market for private credit student loans ABS opened up last week with a Sallie Mae deal that offered access to the first subordinate class of these bonds, since 2007.
March 4 -
The MBS market’s performance has been somewhat more directional with interest rates since Federal Reserve Board Chairman Ben Bernanke's semiannual Humphrey-Hawkins testimony.
March 1 -
View year-to-date issuance through Feb. 22 for ABS, MBS and CMBS.
March 1 -
View the year-to-date manager rankings through Feb. 22 for the different ABS sectors, including real estate, credit cards and autos.
March 1 -
The lack of U.K. RMBS is pushing down overall European securitization issuance and could drive investors to look for product outside of this usual comfort zone.
March 1
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Citigroup plans to issue a $240 million CMBS large loan transaction backed by a shopping mall, called Citigroup Commercial Mortgage Trust 2013-SMP.
March 1 -
The European Covered Bond Council’s labeling initiative needs a broader market take-up in order to meaningfully impact volumes, said analysts at Standard &Poor’s.
March 1 -
European CMBS had a bad start to 2013 with January recording the highest number of loan maturities in a single month, according to Standard & Poor’s.
March 1 -
Abercrombie & Fitch’s recently announced store closures may be a harbinger of things to come for other retailers, a potential concern for commercial mortgage backed securities, according to Fitch Ratings.
March 1 -
Credit Suisse’s first residential mortgage securitization of 2013 made some improvements to representations and warranties relative to the issuer’s its past post-crisis jumbo deals; but still weaker than the standards set by Redwood Trust’s RMBS deals.
March 1 -
Europe's first collateralized loan obligation after the financial crisis, called Cairn CLO III B.V., has features that are common in U.S. CLOs issued over the past two years that limit credit risk, according to a Moody's Investors Service.
February 28 -
Given the wide variety of assets that are securitized and the various structures used in these deals, regulators were compelled to provide multiple ways for sponsors to keep some proverbial skin in the game.
February 28