The banking craze in Mexico for state and municipal debt may be dying down, and signs point to a revival in market issuance. The closing on Sept. 23 of a Ps3 billion ($221 million) bond backed by payroll taxes from the state of Chihuahua could usher in more bond deals from sub-sovereigns.
-
Brazil’s upgrade by Standard & Poor's on Thursday could naturally have an impact on the country’s structured finance ratings. The agency upped the foreign currency and local currency ratings one notch each, to 'BBB' and 'A-,' respectively.
November 17 -
Southern California Edison Co. has filed a preliminary prospectus supplement with the Securities and Exchange Commission (SEC) to issue First and Refunding Mortgage Bonds, Series 2011E.
November 17 -
-
Fitch Ratings has identified ‘A-’ as lowest rating for Italy at which triple-A ratings for structured deals from the country would be possible, the agency said in a release.
November 17 -
Single-family housing starts rose 4% in October from the previous month, but multifamily activity fell 13%, according to new government figures released Thursday morning.
November 17
-
Securitization industry experts speaking at yesterday's American Securitization Forum (ASF) sunset seminar asked for clarity on new regulation directly affecting the U.S. ABS market, specifically the Volcker rule.
November 17 -
Chicago,IL-based Clopton Capital plans to create larger conduits for lending CMBS loans.
November 17 -
CWCapital (CWC), Boston, on Thursday revealed that it has bought $2.6 billion of Fannie Mae multifamily servicing rights from Citigroup. No price was disclosed.
November 17 -
Residential delinquencies – excluding foreclosures – fell to 7.99% in the third quarter, the lowest reading since late 2008, when the nation's financial crisis was peaking, according to new figures released by the Mortgage Bankers Association (MBA).
November 17 -
Lender Processing Services (LPS) has responded to Nevada's attorney general filing charges against two LPS employees.
November 17 -
Standard & Poor’s Director Eric Gretch said the agency expected financial future flow transactions from new jurisdictions, although he did not offer an anticipated timeline in a video posted on S&P’s Web site.
November 17 -
The sale of Northern Rock to Virgin Money will not include the Granite RMBS that are tied to the bank's name, according to Royal Bank of Scotland (RBS) analysts.
November 17
