Speculative-grade corporate liquidity seems to have improved over May and June, but Moody's warned the lowering of the stress index is due more to bankruptcy technicals, not "fundamental improvement."
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Hyundai is marketing its third auto lease securitization of the year, according to Fitch Ratings.
August 4 -
Online lender Avant is returning to the securitization market for the first time since shedding staff and shelving expansion plans in the spring with a $200 million notes offering featuring loans with higher-quality credit features.
August 3 -
Ares Management lowered the coupon on a senior tranche of its Ares Enhanced Loan Investment Strategy IR, which had stepped up twice since it was printed in 2013. It also refinanced two other tranches.
August 3 -
Hawksmoor Mortgages 2016-1 PLC is a collection of U.K. mortgage loans. More than 80% were originated by GE Moneys home lending and mortgage units, with about one-third consisting of aged, pre-crisis loans issued in 2007.
August 3
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L Brands, a global retailer, and certain principals of The Georgetown Co., a property developer, are tapping the securitization market to do a cash-out refinancing of a super-regional retail complex in Columbus Ohio
August 3 -
Late payments on securitized commercial mortgages ticked higher again in July, for the same reason they did in June: a number of large loans fail to pay off at maturity.
August 2 -
New Jersey lawmakers have called a hearing next week to grill the states student loan authority about its collection practices and lending terms.
August 2 -
Foundation Finance Co., which underwrites and acquires installment loans issued by third-party home improvement contractors, is launching its first-ever collateralization sized at $178.15 million.
August 2 -
Ocwen Financial Corp. is marketing $500 million of notes backed by reimbursement rights to funds it has advanced on residential mortgages that it services.
August 2 -
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



