S&P/Experian composite default index went up nine basis points to 1.55% in October, although has dropped 60 basis points year-over-year.
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TELOS Asset Management is preparing its first collateralized loan obligation since the financial crisis, according to a presale report by Standard & Poor's.
February 14 -
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Moody’s Investors Service expects commercial mortgage-backed securities in Europe to perform poorly over the next two years.
February 13
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JP Morgan Chase plans to launch a $650 million credit card ABS transaction this week.
February 13 -
TAL International Group plans to issue a $271.75 million container lease ABS deal, kicking off what is expected to be a busy year for the esoteric asset class.
February 13
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Ally Bank’s upsized $1 billion dealer floorplan ABS priced on Tuesday wide of levels seen in the recent Ford Credit Floorplan Master Owner Trust deal.
February 13 -
Citigroup is arranging two collateralized loan obligations totaling nearly $1 billion; one for Columbia Management and one for the Carlyle Group.
February 13 -
Fitch Ratings warns that competition among subprime auto lenders could result in a loosening of underwriting standards, leading to weaker collateral in 2013 deals than in prior years.
February 12 -
Invesco is planning a $400 million collateralized loan obligation, according to a presale report issued by Moody’s Investors Service.
February 12 -
The CMBS primary pipeline added another $1.48 billion of commercial mortgage-backed bonds with the UBS Securities/Barclays Capital conduit, UBS-BB 2013 C-5.
February 12 -
Comenity Bank formerly World Financial Network Bank, plans to issue a $480 million securitization from its credit card master note trust.
February 12 -
The South Carolina Student Loan Corporation has a $324 million deal in the works, according to a pre-sale from Fitch Ratings.
February 11