A spring survey of European asset-backed portfolio managers shows a vast majority expects to increase their securitization holdings in 2016. But many see a muted level of issuance in which to add securities, according to the DBRS polling.
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The rating agency in the second quarter upgraded 149 tranches of senior, mezzanine or subordinate notes across 49 CLOs. By comparison, it downgraded just 13 tranches of six CLOs.
August 2 -
Allen & Overy has added a team of five partners specialized in leveraged financings to its New York office.
August 2 -
Flagship Credit Acceptances third subprime auto loan securitization of the year is the companys first-ever to earn an initial triple-A credit rating.
August 1 -
Lending standards for most business and residential real estate loans as well as subprime consumer loans are tighter than the 10-year average, according to a survey of senior bank loan officers released by the Federal Reserve Board.
August 1 -
Wells Fargo, Bank of America and Morgan Stanley are keeping skin in the first risk retention compliant CMBS.
August 1
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Standard & Poors has assigned a preliminary A rating to a 1.5 billion four-year revolving securitization of auto, motorcycle and trailer loans originated by Santander Consumer Bank AG.
July 31 -
The Long Island Power Authority plans to issue another $475.26 million of tax-exempt bonds backed by restructuring charges imposed on its retail electricity customers.
July 29 -
The specialty aircraft asset management firm, which leases mid- to end-life aircraft to airlines globally, has pieced together a $916 million portfolio of leases to 20 airlines in 17 countries in its third esoteric asset-backed transaction.
July 29 -
Despite efforts by regulators and banks to improve underwriting of commercial leveraged loans, the number of troubled large syndicated credits jumped again this year, according to a report released Friday by federal regulators.
July 29 -
The Federal Housing Administration is promoting a particular kind of financing for residential energy retrofits that another regulator staunchly opposes. Mortgage lenders and investors have qualms, too, about the impact on their standing in collateral claims.
July 29
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Underwriting league tables for asset-backed securities for the year through July 29, 2016.
July 29 -
Toyota and Nissan are marketing a combined $2.5 billion of bonds backed by retail auto loans.
July 28
